Victorian Consolidated Legislation

Grain Handling and Storage Act 1995 - SECT 11

Payment of certain amounts from proceeds of sale

11. Payment of certain amounts from proceeds of sale



(1) The Treasurer may, from the proceeds of sale, repay, discharge or satisfy
GEB liabilities and the Consolidated Fund is hereby to the necessary extent
appropriated accordingly.







(2) In this section-

GEB liabilities means all liabilities of-

   (a)  GEB in respect of financial accommodation obtained, or financial
        arrangements entered into, by GEB; and

   (b)  the Treasury Corporation of Victoria in respect of liabilities in
        respect of financial accommodation obtained, or financial
        arrangements, entered into, by GEB.

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