110Financial accommodation

#### 110 Financial accommodation 110 Financial accommodation > > (1) For the purposes of or for purposes connected with the exercise of its functions, an authority may obtain financial accommodation— > > > > > (a) from a bank, building society or credit union, or > > > > > (b) from any institution or person approved by the Minister with the concurrence of the Treasurer, or > > > > > (c) with the approval of the Minister and with the concurrence of the Treasurer, in any other manner. > > > (2) Subject to this Act, a board or committee may, in connection with any such financial accommodation, give such securities as will effectually place the commodity (or, in the case of a board, any other product with which the board is associated), or any part thereof, delivered or expected to be delivered to the board or committee, or any other assets of the board or committee, under the legal or other control of the bank, building society, credit union, institution or person providing the financial accommodation. > > **s 110:** Am 1986 No 218, Sch 23 (6); 1996 No 24, Sch 1.