Loan Act 1981 (WA)

WESTERN AUSTRALIA.

LOAN.

No. 114 of 1981.

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

[Assented to 14 December 1981.]

RE 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, 1981.

No. 114.] Loan. [1981.

Power to

raise money 2.

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 Ninety One Million Dollars, as may be required for the several works and purposes mentioned in the First Schedule to this Act.

for certain

purposes.

Sums raised,

how to be 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.

applied.

Principal

and interest 4.

The principal moneys, and interest thereon, raised under the authority of this Act shall rank pari passe with the principal moneys and interest raised and secured by the Stock created and sold under the Loan Act, 1980, 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.

charged on

Revenue.

Advances on

account. 5.

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.

1981.] Loan. [No. 114.

THE FIRST SCHEDULE

Provision

No. Work or Service

Total of

Amount Group

$ $

Agriculture:

1 Agricultural Development .... 500 000

500 000

Forests:

2 Forestry Development 4 000 000

4 000 000

Industrial Development:

3 Industrial Development 100 000

100 000

Mines:

4 Mining Development .... 400 000

400 000

Public Works:

Engineering and Associated Works:

5 Ports and Jetties .... .... .... .... 2 500 000

6	Improvements to Rivers and Foreshores ....	3 000 000
7	Country Areas and Town Water Supplies	4 500 000

8 Country Towns Sewerage .... .... .... 3 000 000

9 Irrigation and Drainage .... .... .... .... 1500 000

10 Kununurra Townsite Development .... .... 100 000

11                Refund to Consolidated Revenue Fund on Account

of Administrative Costs—Engineering Works .... 1 500 000

16 100 000

Public Works:

Buildings and Associated Works, including Furniture

and Equipment :

12 Hospitals .... .... 17 000 000

....

13	Public Health Buildings	....	3 500 000
14	Mental Health Services	....
3 000 000

16 Technical Education Buildings 1 500 000

17 Police Department .... .... 1 500 000

18	Road Traffic Authority	....	100 000
20	Corrections Department	100 000

21 Public Buildings not otherwise provided for .... 5 000 000

22 Refund to Consolidated Revenue Fund on Account of Administrative Costs—Public Buildings .... 3 500 000

35 200 000

Treasury:

24 Loan Flotation Expenses and Discounts 100 000

25 Rural and Industries Bank .... .... 600 000

700 000

Business Undertakings:

26           Metropolitan Water Supply, Sewerage and Drainage

27

Western Australian Government Railways Com-

mission

22 200 000

No. 114.1 Loan. [1981.

THE FIRST SCHEDULE—continued

Provision

No. Work or Service

Total of

Amount Group

Technical and Further Education Colleges:

31 Karratha College 1 500 000

1 500 000

Other Authorities:

32 Rural Adjustment Authority .... 800 000

800 000