34Loan liability of Authority

34 Loan liability of Authority

34 Loan liability of Authority

(1) For the purposes of the Capital Debt Charges Act 1957, the loan liability of the Authority is—

(a) the capital debt of the Authority on the day that is three months after the appointed day, and

(b) such other amounts as are, from time to time, appropriated to the Authority from the Consolidated Fund.

(2) The capital debt referred to in subsection (1) (a) shall be determined by the Treasurer and in the determination thereof the Treasurer shall have regard to recent valuations by the Valuer-General of land vested in the Authority on the day referred to in subsection (1) (a) and such other factors as the Treasurer considers to be relevant.

s 34: Am 1987 No 14, Sch 2 (8).