Loan (Housing)
No. 59 of 1969
An Act to Authorize the Raising and
Expending of Moneys for the purposes of Housing.
[Assented
to 2 September 1969]
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 1969.
Commencement.
2. This Act shall come into
operation on the day on which it receives the Royal Assent.
Authority
to borrow $132,230,000.
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 thirty-two million two hundred and thirty thousand
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 in pursuance of section 4 of the Housing Agreement Act 1966