Victorian Consolidated Legislation

Emerald Tourist Railway Act 1977 - SECT 28

Loans by Minister

28. Loans by Minister



(1) Subject to this Act the Minister may upon such terms and conditions as are
agreed upon between the Minister and the Board or, in the absence of any
agreement, upon such terms and conditions as the Minister thinks fit make any
grant or loan to the Board out of moneys for the purpose and may make advances
from time to time on account of any such grant or loan.

(2) All loans made by the Minister to the Board and all advances thereunder
shall together with interest be charged upon the property and revenues of the
Board.