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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Loan Bill 2003
CONTENTS
1. Short title 1
2. Commencement 1
3. Power to borrow money for public purposes 2
4. How sums borrowed are to be applied 2
5. Principal, interest and expenses payable out of
Consolidated Fund 2
196--1 page i
Western Australia
LEGISLATIVE ASSEMBLY
Loan Bill 2003
A Bill for
A Bill for An Act to authorise the borrowing of a sum of
two hundred and fifty million dollars for public purposes.
The Parliament of Western Australia enacts as follows:
1. Short title
This Act may be cited as the Loan Act 2003.
5 2. Commencement
This Act comes into operation on the day on which it receives
the Royal Assent.
page 1
Loan Bill 2003
s. 3
3. Power to borrow money for public purposes
The Governor may borrow sums of money, not exceeding in the
aggregate the sum of $250 000 000, from the Western
Australian Treasury Corporation or elsewhere, for public
5 purposes.
4. How sums borrowed are to be applied
All sums borrowed under the authority of this Act are to be paid
to the Treasurer and credited to the Consolidated Fund.
5. Principal, interest and expenses payable out of
10 Consolidated Fund
The principal moneys, interest and other expenses of
borrowings under the authority of this Act are payable out of the
Consolidated Fund and that Fund is appropriated accordingly by
this section.
15
page 2
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