LOAN
(HOUSING)
No.
17 of 1962.
An Act to
Authorize the Raising and Expending of a sum not exceeding Seven million five
hundred thousand pounds for the purposes of Housing.
[Assented
to 6th April, 1962.]
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 1962.
Commencement.
2.This Act shall come into operation on the day on which
it receives the Royal Assent.
Authority
to borrow £7,500,000.
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 Seven million five hundred 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 the States
in pursuance of section four of the Housing
Agreement Act 1961