LOAN (HOUSING) (No. 2).
No. 70 of 1962.
An Act to Authorize the Raising and Expending of a sum not
exceeding Forty-five million nine hundred thousand pounds for the purposes of
Housing.
[Assented to 24th November, 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 (No. 2) 1962.
Commencement.
2. This Act
shall come into operation on the day on which it receives the Royal Assent.
Authority to borrow £45,900,000.
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 Forty-five million
nine 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