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Home/Legislation/Roads Grants Act 1981/29

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Roads Grants Act 1981

29Authority to borrow

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#### 29 Authority to borrow The Treasurer may, during a relevant year, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911, or in accordance with the provisions of an Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the aggregate the sum of: (a) the total amount of financial assistance that may be granted to the States under this Act; and (b) the expenses of borrowing.

Previous section28Payments to States to be made out of Consolidated Revenue Fund or Loan Fund Next section30Application of moneys borrowed

Section 29 - Roads Grants Act 1981 - Authority to borrow — Zoe