20Power to borrow money

20 Power to borrow money S. 20(1) amended by No. 26/1987 s. 21, substituted by No. 99/1993 s. 16(1), amended by No. 40/2022 s. 33(2). (1) Homes Victoria may obtain financial accommodation subject to and in accordance with the **Borrowing and Investment Powers Act 1987**[[1]](#endnote-2). S. 20(2) repealed by No. 99/1993 s. 16(1).[[2]](#endnote-3) S. 20(3) inserted by No. 26/1987 s. 6, amended by Nos 99/1993 s. 16(2), 40/2022 s. 33(3). (3) Without limiting the generality of subsection (1), Homes Victoria may[[3]](#endnote-4)— S. 20(3)(a) amended by No. 40/2022 s. 33(3). (a) contract with a corporation that is declared to be a recognised institution under section 3A(4) of the **Trustee Act 1958**, in respect of mortgages in which Homes Victoria has an interest; and (b) for the purpose of performing or facilitating the performance of such a contract, enter into any other contract or arrangement with any person. S. 21 amended by No. 40/2022 s. 33(4).