Victorian Consolidated Legislation

Emerald Tourist Railway Act 1977 - SECT 27

Board may make loans

27. Board may make loans



(1) For carrying out its objects the Board may make loans to any person
seeking to assist in establishing or developing the undertaking of the Board
on such terms and conditions as the Board thinks fit.

(2) The Board shall not make a loan to a member, officer, or employé of the
Board or enter into a guarantee with respect to any member, officer, or
employé of the Board.