Statutory Bodies Financial Arrangements (North Burdekin Water Board) Order (No. 1) 1993 (Qld)

Queensland Subordinate Legislation 1993 No. 184 Statutory Bodies Financial Arrangements Act 1982 STATUTORY BODIES FINANCIAL ARRANGEMENTS (NORTH BURDEKIN WATER BOARD) ORDER (No. 1) 1993. TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Approval under s.22(4) of the Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Approval and guarantee under s.16 of the Act . . . . . . . . . . . . . . . . . . . . . . . . 2 SCHEDULE . . . . . . . . . . . . . . . . . . . . . . . . . 3 LOAN ARRANGEMENTS 1 Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Lender . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Term of the loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 Rate of interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 Redemption of the loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

2 Statutory Bodies Financial Arrangements (North Burdekin Water Board) (No. 1) No. 184, 1993 ˙ Short title 1. This order in council may be cited as the Statutory Bodies Financial Arrangements (North Burdekin Water Board) Order (No. ..) 1993. ˙ Definitions 2. In this order— “Board” means the North Burdekin Water Board; “loan arrangements” means the terms and conditions set out in the Schedule. ˙ Approval under s.22(4) of the Act3. Approval is given for the Board to borrow money, by the sale of a debenture, under the loan arrangements. ˙ Approval and guarantee under s.16 of the Act4.(1) Approval is given for the Treasurer to give the guarantee set out in subsection (2). (2) The Treasurer, on behalf of the Government, guarantees the due payment of all money from time to time payable by the Board under the loan arrangements.

3 Statutory Bodies Financial Arrangements (North Burdekin Water Board) (No. 1) No. 184, 1993 ¡ SCHEDULE LOAN ARRANGEMENTS section 2 ˙ Amount 1. The amount of the loan is $250 000. ˙ Lender 2. The lender is the Commonwealth Bank of Australia. ˙ Purpose 3. The purpose of the loan is to undertake work to improve ground water supplies in the North Burdekin Water Board Area by means of the Rita Island Scheme. ˙ Term of the loan 4. The term of the loan is 4 years. ˙ Rate of interest 5. Interest is payable on the loan at 7.10% p.a.. ˙ Redemption of the loan 6. The loan is to be repaid by 8 half-yearly repayments of principal and interest as follows— (a) 7 instalments of $15 650.07; (b) 1 final instalment.

4 Statutory Bodies Financial Arrangements (North Burdekin Water Board) (No. 1) No. 184, 1993 ENDNOTES 1. Made by the Governor in Council on 3 June 1993. 2. Notified in the Gazette on 4 June 1993. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. The State of Queensland 1993