CTHRepealedAct
States Grants (Schools Assistance) Act 1988
47Application of money borrowed
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47 Application of money borrowed
Money borrowed under section 46 shall be applied only for the expenses of borrowing and for:
(a) making payments to the States under section 12, 21, 31 or 40B;
(b) making advances under section 44 on account of payments of that kind; and
(c) making payments to the Consolidated Revenue Fund in accordance with section 48.