Loan (Housing)
(No. 2)
No. 35 of 1966
An
Act to Authorize the Raising and Expending of a sum not exceeding One hundred
and twenty million dollars for the purposes of Housing.
[Assented
to 12 September, 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 (No. 2) 1966.
Commencement.
2. This Act shall come into
operation on the day on which it receives the Royal Assent.
Authority
to borrow $120,000,000.
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 One hundred and twenty 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 in pursuance of section 4 or section 5 of the Housing Agreement Act 1966