Loan Act 1980 (WA)

WESTERN AUSTRALIA.

LOAN.

No. 92 of 1980.

AN ACT to authorise the raising of a sum of Seventy Million Dollars by loan for the construction of certain Public Works and for Other Purposes.

[Assented to 9 December 1980.]

BE it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent

of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:—

1. This Act may be cited for all purposes as the Short title.

Loan Act, 1980.

No. 92.] Loan. [1980.

Power to

It shall be lawful for the Governor, from time to time, to raise by way of such loan several sums of money, not exceeding in the whole the sum of Seventy Million Dollars, as may be required for the several works and purposes mentioned in the First Schedule to this Act.

2.

raise money

for certain

Purposes.

Sums raised, 3.

All sums by this Act authorised to be raised shall be paid to the Treasurer, and shall be by him placed to the credit of an account, to be called the General Loan Fund, and shall be applied by the Treasurer to the purposes set forth in the First Schedule.

how to be

applied.

Principal

The principal moneys, and interest thereon, pan passe with the principal moneys and interest

and interest 4.

charged on

Revenue.	raised under the authority of this Act shall rank
raised and secured by the Stock created and sold under the Loan Act, 1979, and all prior Loan Acts, and are hereby charged upon and shall be payable out of the Consolidated Revenue Fund and Assets of the Government of Western Australia.
Advances on

The Governor may from time to time by warrant under his hand authorise the Treasurer to advance and apply to the purposes set forth in the First Schedule to this Act any sums of money not exceeding in the whole the sum hereby authorised to be raised; and any sums of money so advanced and paid shall be retained by the Treasurer out of any moneys coming to his hands under the authority of this Act.

account. 5.

Re-appro-

priation 6. It shall be lawful for the Governor to

from and to appropriate the sum set forth in the Second Schedule hereto, from the item therein set forth, and to the items enumerated in the Third Schedule hereto, the sum of thirteen minion two hundred and ninety eight thousand three hundred and sixty six dollars to be expended on the works and purposes named in the Third Schedule hereto.

1980. J Loan. [No. 92.

THE FIRST SCHEDULE

Provision

No. Work or Service Amount Total of Group

$

Agriculture:

1 Agriclutural Development 800 000

800 000

Forests:

2 Forestry Development .... 3 600 000

3 600 000

Industrial Development:

3 Industrial Development .... 100 000

100 000

Mines:

4 Mining Development 100 000

100 000

Public Works:

Engineering and Associated Works:

5 Ports and Jetties .... 3 000 000

6 Improvements to Rivers and Foreshores .... 900 000

7 Country Areas and Town Water Supplies 2 900 000

8	Country Towns Sewerage	....	4 000 000
9	Irrigation and Drainage	...	2 300 000

10   Refund to Consolidated Revenue Fund on Account

of Administrative Costs—Engineering Works.... 1 900 000

15 000 000

Public Works:

Buildings and Associated Works, including Furniture

and Equipment :

11   7 000 000

12 Public Buildings not otherwise provided for .... 4 000 000

13   Refund to Consolidated Revenue Fund on Account

of Administrative Costs—Public Buildings .... 2 500 000

1 3 500 000

Treasury:

14 Government Printing Office .... 200 000

15 Loan Flotation Expenses and Discounts 100 000

300 000

Business Undertakings:

16              Metropolitan Water Supply, Sewerage and Drainage

25 000000

25 000 000

Housing Authorities:

17 Government Employees' Housing Authority .... .... 3 400 000

18              Industrial and Commercial Employees' Housing Auth-

ority ..... .... ... .... .... ... .... 400 000

19 State Housing Commission .... ... .... .... 5 200 000

9 000 000

Technical and Further Education Colleges:

20 Hedland College .... 300 000

21 Karratha College . 1 900 000

22 Mount Lawley College .... 400 000

2 600 000

GRAND TOTAL 70 000 000

No. 92.] Loan. [1980.

THE SECOND SCHEDULE

Re-appropriation from, referred to in Section 6.

Original Amount on Amount

Ap- Work or Service to which originally Original Re-ap-

No. propriation Appropriated Loan propriated

on Loan Schedule under this

Work Act

Public Works: $ $

Buildings and Associated Works in-

cluding Furniture and Equipment:

1	147 of 1976	Schools	....	....	....	5 000 000	898 366 4 400 000 13 298 366
2	49 of 1977	8 000 000	8 000 000
3	116 of 1978	Schools	....	4 400 000

THE THIRD SCHEDULE

Re-appropriation to, referred to in Section 6.

Amount

No. Work or Service to which now Appropriated Re-appropri- ated under

this Act

$

Public Works:

Buildings and Associated Works, including Furniture and Equip-

ment:

1	Primary and Secondary Education Buildings	10 298 366
2	Technical Education Buildings	3 000 000

TOTAL 13 298 366