Victorian Consolidated Legislation

Libraries Act 1988 - SECT 37

PART 4 LIBRARY PURPOSES TRUSTS

Leasing

37. Leasing



(1) This section applies despite anything to the contrary in any Crown grant
or instrument of trust.

(2) The trustees of library land may lease it or a part of it to any person,
if the land to be leased is not immediately required for library purposes.

(3) A lease under this section-

   (a)  if it is a building lease that provides for the erection of buildings
        for library purposes and associated purposes, must be for a term of
        not more than 50 years; and

   (b)  in any other case, must be for a term of not more than 31 years; and

   (c)  may be on any other terms that the trustees think fit.

(4) The trustees must not apply rent received under a lease under this section
for any purpose except-

   (a)  repaying money borrowed under this Part or a corresponding previous
        enactment and paying interest in respect of any money so borrowed; or

   (b)  a library purpose or an associated purpose being a purpose authorised
        by the document creating the trust or any relevant document of title.