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Forest and Rural Fires Act 1977  052
Commenced: 1 Apr 1979
III: Fire Control Finance
54   Fire Authority may borrow money




   54. Fire Authority may borrow money---(1) Notwithstanding anything in
 Part II of the Local Authorities Loans Act 1956, it shall be lawful for
 any Fire Authority, with the consent of the Minister [of Forestry], to
 borrow money from its bankers by way of overdraft, or from any person or
 persons, to provide for any expenditure or costs which the Fire
 Authority may lawfully incur or has lawfully incurred under this Act.

   (2) In the case of any Fire Authority which is a local authority
 within the meaning of Part II of the Local Authorities Loans Act 1956,
 the money borrowed shall be deemed to be borrowed in anticipation of
 revenue, but shall not be taken into account in determining the limits
 prescribed by section 20 of that Act.

   (3) The amount required to repay any money borrowed to provide for any
 such expenditure or costs and the interest on the money shall be met as
 if that amount were required to meet the expenditure or costs, and this
 Act shall apply accordingly:

   Provided that the amount may be raised by a levy imposed under this
 Act at any time before or after the money is borrowed.
     Cf. 1955, No. 44, s. 47

       In subs. (1) the words ``of Forestry'' were inserted by s. 2 (1)
     (a) of the Forest and Rural Fires Amendment Act 1987.
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