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Statutory Authorities Act 1962
11Method of borrowing by certain authorities
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11 Method of borrowing by certain authorities
*[Section 11 Amended by No. 10 of 1985, s. 3 and Sched. 1 ]**[Section 11 Amended by No. 30 of 1995, s. 3 and Sched. 1 ]*Every elective authority having power by law to raise money on the mortgage of any rate may for any purpose for which it may raise loans raise money by the issue of debentures as if it were a council and subject to Division 2 of Part 8 of the Local Government Act 1993 which can be applied to or in respect of loans raised by the issue of debentures.