sec.35Treasurer’s approval before creating encumbrance etc.

### sec.35 Treasurer’s approval before creating encumbrance etc. This section applies to a borrowing by a statutory body under this part. Also, this section applies to— a derivative transaction entered into by the body under part 7 , division 1 ; and a financial arrangement entered into by the body under part 7 , division 3 or part 7A . For the borrowing, transaction or arrangement, the statutory body may, with the Treasurer’s approval— create an encumbrance; or otherwise transfer its property, or assign its income, by way of security. s 35 amd 1988 No. 55 s 13 ; 1994 No. 31 s 6 sch 2 sub 1996 No. 54 s 8 amd 2003 No. 12 s 9 (sec.35-ssec.1) This section applies to a borrowing by a statutory body under this part. (sec.35-ssec.2) Also, this section applies to— a derivative transaction entered into by the body under part 7 , division 1 ; and a financial arrangement entered into by the body under part 7 , division 3 or part 7A . (sec.35-ssec.3) For the borrowing, transaction or arrangement, the statutory body may, with the Treasurer’s approval— create an encumbrance; or otherwise transfer its property, or assign its income, by way of security. - (a) a derivative transaction entered into by the body under part 7 , division 1 ; and - (b) a financial arrangement entered into by the body under part 7 , division 3 or part 7A . - (a) create an encumbrance; or - (b) otherwise transfer its property, or assign its income, by way of security.