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Local Government (General) Regulation 2021
230General manager to notify borrowings to Secretary
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#### 230 General manager to notify borrowings to Secretary
230 General manager to notify borrowings to Secretary
> > (1) Within 7 days after a council borrows money under a loan contract, the general manager must notify the Secretary of the borrowing.
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> > (2) This section extends to further advances made to a council under an existing loan contract, but does not apply to a borrowing by a council by way of overdraft.