Loan
(Housing)
No. 6 of 1966
An Act to Authorize the Raising and Expending of a sum not
exceeding Fifteen million dollars for the purposes of Housing.
[Assented to 28 April, 1966]
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 1966.
Commencement.
2. This Act
shall come into operation on the day on which it receives the Royal Assent.
Authority
to borrow $15,000,000.
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 Fifteen million
dollars.
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