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Water Management Act 1999
212Power to borrow
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212 Power to borrow
(1) A trust may borrow money not exceeding the estimated revenue of the trust for 10 years, on the security of all the rates, funds, revenues and property of, or at the disposal of, the trust, for such purposes as the Minister may authorise.
(2) Any such money is to be borrowed by the trust under Part III of the Statutory Authorities Act 1962 .