Loan Act 1986 (WA)

WESTERN AUSTRALIA

LOAN ACT

No. 109 of 1986

AN ACT to authorize the borrowing of a sum of two hundred and

sixty million dollars for public purposes and to re-

appropriate for public purposes certain sums previously

appropriated.

[Assented to 16 December 1986.]

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:—

Short title

1. This Act may be cited as the Loan Act 1986.

Commencement

2. This Act shall come into operation on the day on which it receives

the Royal Assent.

No. 109] Loan Act [1986

Power to borrow money for public purposes

It shall be lawful for the Governor, from time to time, to borrow sums of money, including borrowings from the Western Australian Treasury Corporation, not exceeding in the aggregate the sum of two hundred and sixty million dollars as may be required for public purposes.

3.

How sums borrowed to be applied

All sums authorized by this Act to be borrowed shall be paid to the

Treasurer and shall be credited to the General Loan and Capital Works

Fund.

4.

Principal, interest etc. payable out of

Consolidated Revenue Fund

The principal moneys, interest and other expenses of borrowings

under the authority of this Act shall be payable out of the Consolidated

Revenue Fund which is appropriated accordingly.

5.

Re-appropriation

It shall be lawful for the Governor to appropriate, to be expended for public purposes, from the amounts set out in column 4 of Schedule 1, which were appropriated for the works and services specified in column 3 of that Schedule by the Acts referred to in column 2 of that Schedule, the sum of one hundred and sixteen million three hundred and ninety eight thousand and thirty three dollars, being the aggregate of so much of each of those amounts as is set out in column 5 of that Schedule.

6.

SCHEDULE 1 (Section 6)

Re-appropriations from certain purposes to public purposes

Column 1 Column 2 Column 3 Column 4 Column 5 Amount re-

Act Number Amount on

Work or service to which appropriated

Item No. of original original loan

originally appropriated der

appropriation schedule section 6

$ $

1	113 of 1984	Agriculture	200 000	200 000
2	114 of 1975	Fisheries	200 000	123 118

1986] Loan Act [No. 109

Column 1	Column 2	Column 3	Column 4	Column 5 Amount re-
Act Number	Amount on

Work or service to which appropriated appropriated

Item No. of original original loan P

originally appropriated under

appropriation schedule section 6

$ $

4	114 of 1981	Industrial Development	100 000	82 291
113 of 1982	100 000	100 000

5	113 of 1984	Marine and Harbours	11 000 000	1 545 261
116 of 1985	4 385 864	4 385 864

6 113 of 1982 Mining Development 300 000 151 787

7	113 of 1984	Health	27 414 179	27 414 179
8	92 of 1980	Primary and Secondary

Education Buildings 10 298 366 900 369

59 of 1983 6 000 000 6 000 000

9 113 of 1982 Technical Education

Buildings 1 500 000 88 947

59 of 1983 500 000 500 000

10 113 of 1982 Police 2 000 000 462 455

59 of 1983 2 000 000 2 000 000

11	118 of 1979	Community Services	500 000	96 076
113 of 1982	200 000	200 000
59 of 1983	300 000	300 000

12 118 of 1979 Prisons 7 000 000 449 551

114 of 1981	100 000	100 000
113 of 1982	500 000	500 000

59 of 1983 3 500 000 3 500 000

13 92 of 1980 Public Buildings not

otherwise provided for 4 000 000 2 096 283

114 of 1981 5 000 000 5 000 000

14 59 of 1983 Refund to Consolidated Revenue Fund on Ac- count of Administrative Costs Public Buildings 5 200 000 4 233 311

15 114 of 1975 Advances to Sundry

Bodies 1 000 000 222 810

147 of 1976 200 000 200 000

16 113 of 1982 Government Printing

Office 3 000 000 1 706 250

17 114 of 1981 Rural and Industries Bank 600 000 206 899

113 of 1982 1 000 000 1 000 000

18	70 of 1971	Short Term Advances Pending Receipt of Revenue	10 000 000	10 000 000
19	49 of 1977	Unemployment Relief-

Drought Towns 500 000 500 000

20 116 of 1978 Metropolitan Transport

Trust 700 000 665 172

21	49 of 1977	State Energy Commission	11 000 000	3 532 501
22	113 of 1982	Water Authority of

Western Australia 12 000 000 11 928 865

No. 109] Loan Act [1986

Column 1 Column 2 Column 3 Column 4 Column 5 Amount re-

Act Number Amount ount o on

Work or service to which appropriated

Item No. of original original loan a" 13

originally appropriated under

appropriation schedule section 6

$ $

26 113 of 1984 Government Employees'

Housing Authority 1 000 000 278 047

27 59 of 1983 Industrial and Commercial

Employees' Housing

Authority 700 000 400 000

28 116 of 1985 State Housing

Commission 90 000 000 15 304 632

29	118 of 1979	Albany Port Authority	700 000	147 067
30	116 of 1978	Sunbury Port Authority	600 000	276 123
31	70 of 1971	Esperance Port Authority .	800 000	307 747

32	116 of 1978	Fremantle Port Authority .	1 000 000	185 297
33	49 of 1977	Geraldton Port Authority	1 000 000	414 000
34	112 of 1973	Port Hedland Port

Authority 700 000 285 408

35 92 of 1980 Hedland College 300 000 126 812

36 113 of 1982 Kalgoorlie College 1 250 000 154 000

37	113 of 1982	Karratha College	2 500 000	1 130 000
38	116 of 1985	Western Australian

College of Advanced

Education 259 000 259 000

39 147 of 1976 Industrial Lands

Development Authority 500 000 195 000

49 of 1977 200 000 200 000

40 116 of 1985 Rural Adjustment and

Finance Corporation 800 000 440 023