Loan (Housing)
No. 79 of 1968
An Act
to Authorize the Raising and Expending of Moneys for the purposes of Housing.
[Assented
to 6 November 1968]
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 1968.
Commencement.
2. This Act shall come into operation on the day on which it receives
the Royal Assent.
Authority
to borrow $126,000,000.
3. The Treasurer may, from time to time, in accordance with the
provisions of the Commonwealth Inscribed
Stock Act 1911–1966, or in accordance with the provisions of any Act
authorizing the issue of Treasury Bills, borrow moneys not exceeding in the
whole One hundred and twenty-six 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 purposes of making advances to the States
in pursuance of section 4 of the Housing
Agreement Act 1966