Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The Council is
authorised with the prior approval in writing of the Treasurer to borrow money
upon such terms and conditions as the Treasurer approves.
(2) The Treasurer may
in the name and on behalf of the Crown in right of the State guarantee the
payment of principal moneys and interest thereon in respect of moneys borrowed
by the University under this section and any liability of the Crown
arising out of the guarantee is chargeable to the Consolidated Account which
to the extent necessary is appropriated accordingly.
(3) A guarantee given
under this section shall be in such form and subject to such conditions
as the Treasurer determines and without limiting the generality of the
foregoing shall be subject to the condition that the lender shall not, without
the consent of the Treasurer, assign or encumber the benefit of the guarantee.
[Section 37 amended by No. 63 of 1990
s. 19; No. 6 of 1993 s. 11; No. 49 of 1996 s. 64;
No. 77 of 2006 s. 4.]