CTHRepealedAct
States Grants (Tertiary Education Assistance) Act 1981
48Application of moneys borrowed
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48 Application of moneys borrowed
Moneys borrowed under section 47 shall be issued and applied only for the expenses of borrowing, for the purpose of making payments to the States in accordance with section 10, 13, 13A, 13B, 19, 21, 21A, 21B, 24, 25, 33, 34, 34A or 34B and for the purpose of making payments to the Consolidated Revenue Fund in accordance with section 49.