46Borrowing by Fire Rescue Victoria

46 Borrowing by Fire Rescue Victoria

S. 46(1) amended by No. 20/2019 s. 96(1).

(1) Fire Rescue Victoria may obtain financial accommodation subject to and in accordance with the Borrowing and Investment Powers Act 1987.

S. 46(2) amended by No. 20/2019 s. 96(2).

(2) The payment of amounts payable as a result of or in connection with financial accommodation obtained by Fire Rescue Victoria (including the expenses of enforcement) are secured as a first charge on the property and revenue of Fire Rescue Victoria.

S. 46(3) amended by No. 20/2019 s. 96(2).

(3) The amounts secured under subsection (2) include amounts (and interest) borrowed by Fire Rescue Victoria before the commencement of section 17 of the Borrowing and Investment Powers (Amendment) Act 1993.

S. 47 (Heading) inserted by No. 20/2019 s. 143(2)(h).

Nos 3682 s. 52, 5040 s. 18, 5753 s. 2.

S. 47 amended by Nos 9928 s. 10(2)(b)
(i)–(v), 58/2012 s. 108, 20/2019 s. 97.