LOAN (HOUSING).
No.
76 of 1956.
An Act to authorize the Raising and Expending of Moneys for the purposes
of Housing.
[Assented to 29th October, 1956.]
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 1956.
Commencement.
2. This Act shall come into operation on the day
on which it receives the Royal Assent.
Authority to borrow
£32,150,000.
3. The Treasurer may, from time to time, in
accordance with the provisions of the Commonwealth Inscribed Stock Act 1911–1946,
or in accordance with the provisions of any Act authorizing the issue of
Treasury Bills, borrow moneys not exceeding in the whole Thirty-two million one
hundred and fifty thousand pounds.
Application of moneys.
4. Moneys borrowed under this Act shall be issued
and applied only for the expenses of borrowing and for the purpose of making
advances to a State or States—
(a)in accordance with the agreement
the execution of which is authorized by the Housing Agreement Act 1956;
or
(b