Victorian Consolidated Legislation

Health Services Act 1988 - SECT 30

Approved borrowers and guarantees

30. Approved borrowers and guarantees



(1) The Minister and the Treasurer may declare a registered funded agency to
be an approved borrower for the purposes of this section.

(2) An approved borrower may, with the approval of the Minister and the
Treasurer, obtain financial accommodation, whether within or outside Victoria,
secured or arranged in a manner and for a period approved by the Treasurer.

(3) The due satisfaction of amounts payable by a registered funded agency as a
result of or in connection with the provision to the registered funded agency
of financial accommodation to which subsection (2) applies including, without
limiting the generality of the foregoing, the payment of the expenses of
enforcing or obtaining or endeavouring to enforce or obtain such satisfaction,
is guaranteed by the Government of Victoria.





(4) An amount required by the Treasurer to satisfy a guarantee given under
subsection (3) shall be paid out of the Consolidated Fund which is hereby to
the necessary extent appropriated accordingly and any amount recovered by the
Treasurer in respect of an amount so paid by the Treasurer shall be paid into
the Consolidated Fund.

Division 4-Public hospitals