Loan Act 2009 (WA)

Western Australia

Loan Act 2009

As at 29 Jun 2009 No. 14 of 2009

Extract from see that website for further information

Western Australia

Loan Act 2009

CONTENTS

1.	Short title	1
2.	Commencement	1
3.	Power to borrow money for public purposes	1
4.	How sums borrowed are to be applied	1
5.	Principal, interest and expenses payable out of
Consolidated Account	1

As at 29 Jun 2009 No. 14 of 2009 page i

Extract from see that website for further information

Western Australia

Loan Act 2009

No. 14 of 2009

An Act to authorise the borrowing of a sum of eight billion three hundred and sixteen million one hundred and ninety seven thousand dollars for public purposes.

[Assented to 29 June 2009]

The Parliament of Western Australia enacts as follows:

As at 29 Jun 2009 No. 14 of 2009 page 1

Extract from see that website for further information

Loan Act 2009

s. 1

1.             Short title

This is the Loan Act 2009.

2.             Commencement

This Act comes into operation as follows —

(a)	sections 1 and 2 — on the day on which this Act receives the Royal Assent;
(b)	the rest of the Act — on the day after that day.

3.             Power to borrow money for public purposes

The Treasurer may borrow sums of money, not exceeding in the

aggregate the sum of $8 316 197 000, from the Western

Australian Treasury Corporation or elsewhere, for public

purposes.

4.             How sums borrowed are to be applied

All sums borrowed under the authority of this Act are to be paid

to the Treasurer and credited to the Consolidated Account.

5.             Principal, interest and expenses payable out of Consolidated Account

The principal moneys, interest and other expenses of borrowings

under the authority of this Act are payable out of the

Consolidated Account and that Account is appropriated

accordingly by this section.

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