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ROYAL BOTANIC GARDENS ACT 1991 - SECT 31 Treasurer's guarantees

ROYAL BOTANIC GARDENS ACT 1991 - SECT 31

Treasurer's guarantees

    (1)     The Treasurer may on behalf of the Government of Victoria guarantee the repayment of any loan (and any associated costs, charges and interest) taken out by the Board.

    (2)     The Treasurer may impose conditions on any guarantee given under this section.

    (3)     Any sum required by the Treasurer to fulfil a guarantee given under this section must be paid out of the Consolidated Fund (which is, by this subsection, appropriated to the necessary extent).

    (4)     Any sum received by the Treasurer in respect of any sum paid by the Treasurer under subsection (3) must be paid into the Consolidated Fund.