Loan (Housing)
No. 55 of 1965
An
Act to Authorize the Raising and Expending of a sum not exceeding Fifty-one
million pounds for the purposes of Housing.
[Assented
to 22 September, 1965]
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 1965.
Commencement.
2. This Act
shall come into operation on the day on which it receives the Royal Assent.
Authority to borrow £51,000,000.
3. The
Treasurer may, from time to time, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911-1963,
or in accordance with the provisions of any Act authorizing the issue of
Treasury Bills, borrow moneys not exceeding in the whole Fifty-one million
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—
(a) in pursuance of section 4 of the Housing Agreement Act 1961; or
(b)