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Section 41 - Financial Management Act 1996 - Power of territory authorities to borrow | Zoe

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Financial Management Act 1996

41Power of territory authorities to borrow

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41 Power of territory authorities to borrow Despite any other Act, a territory authority may only borrow (other than from the Territory) in accordance with this Act.

Previous section40Treasurer may borrow on behalf of Territory

Next section42Borrowings by territory authorities to be approved