Commonwealth Consolidated Acts

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SEWERAGE AGREEMENTS ACT 1974 - SECT 8

Application of moneys borrowed

  (1)   Moneys borrowed under section 7 shall be issued and applied only for the expenses of borrowing and for the purpose of making payments and advances to a State to which this Act applies in accordance with this Act.

  (2)   Moneys borrowed under section 5 of the Sewerage Agreements Act 1973 may be issued and applied for the purpose of making payments and advances to a State to which this Act applies in accordance with this Act.



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