Victorian Consolidated Legislation

Emerald Tourist Railway Act 1977 - SECT 29

Application by Board for loan by Minister

29. Application by Board for loan by Minister

An application by the Board for a grant or loan by the Minister shall not be
considered until there has been prepared and laid before the Minister the
following documents verified by the signature of some competent architect,
engineer, or like person approved by the Minister:

   (a)  A detailed statement showing-

   (i)  the cost of all works or undertakings paid for out of any grant or
        loan previously granted by the Minister to the Board;

   (ii) the purposes served by such works;

   (iii) the cost of maintenance and management of such works; and

   (iv) the annual net revenue derived from such works;

   (b)  A description of the works proposed to be executed by the Board and an
        estimate of the cost of their construction;

   (c)  An estimate of the additional revenue or other benefit to be derived
        therefrom; and

   (d)  A report as to whether the proposed works are considered to be
        feasible and satisfactory.

__________________