LOAN (HOUSING).
No. 78 of 1952.
An Act to authorize the Raising of Moneys to be advanced to the
States for the purposes of Housing.
[Assented to 6th November, 1952.]
BE it enacted by the Queen’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 1952.
Commencement.
2.This
Act shall come into operation on the day on which it receives the Royal Assent.
Authority to borrow £30,000.000.
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 Thirty 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
accordance with the Agreement executed in pursuance of the authority conferred
by the Commonwealth and State Housing
Agreement Act 1945