SCHOOL EDUCATION ACT 1999 - SECT 186

SCHOOL EDUCATION ACT 1999 - SECT 186

186 .         Minister’s powers to lend moneys

        (1)         The Minister may lend money for capital works to the governing body of —

            (a)         a registered school; or

            (b)         a school system for which a system agreement is in force.

        (2)         Any such loan is to be made out of moneys borrowed by the Minister under section 187.

        (3)         The terms and conditions of any such loan, including the interest to be paid —

            (a)         may be less onerous than those that might reasonably apply to such a loan made commercially; and

            (b)         are to be approved by the Treasurer.

        (4)         In subsection (1) —

        capital works means the acquisition of land, the construction, modification and renovation of buildings and the purchase of plant and equipment, or any of those things.