LOAN
(HOUSING).
No. 76 of 1946.
An Act to authorize the Raising of Moneys to be
advanced to the States for the purposes of Housing.
[Assented to 14th December, 1946.]
BE it enacted by the King’s Most Excellent Majesty, the Senate, and
the House of Representatives of the Commonwealth of Australia, as follows:—
Short
title.
1. This Act may be cited as the Loan (Housing) Act 1946.
Commencement.
2. This Act shall come into operation on the day
on which it receives the Royal Assent.
Authority
to borrow £10,000,000.
3.The Treasurer may, from
time to time, under the provisions of the Commonwealth
Inscribed Stock Act 1911-1946, or under the provisions of any Act
authorizing the issue of Treasury Bills, borrow moneys not exceeding in the
whole the sum of Ten million pounds.
Application
of moneys.
4. Moneys borrowed under this Act shall be issued
and applied only for the expenses of borrowing and for making advances to the
States for the purposes of housing in pursuance of the agreement the execution
of which is authorized by the Commonwealth
and State Housing Agreement Act 1945