LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976 (REPEALED)

***** Repealed 22 February 2005 *****

PART II - MAKING OF DEPOSITS

SECTION 8   LOAN MONEYS TO BE PAID INTO RESERVE ETC.  

8(1)  [Payments]  

Moneys borrowed under this Act and standing to the credit of the Loan Fund shall be paid to the credit of the Income Equalization Deposits Reserve, and the Loan Fund is appropriated accordingly.

8(2)  [Repayment]  

A deposit or part of a deposit that becomes repayable must be repaid out of the moneys standing to the credit of the Income Equalization Deposits Reserve.