Higher Education Endowment Fund (Consequential Amendments) Act 2007 (161 of 2007)

Schedule 1   Amendments

Part 2   Transitional and application provisions

79   Transitional - borrowings

(1) This item applies to a borrowing that:

(a) was authorised under subsection 23(2) or (3) of the Future Fund Act 2006; and

(b) was in existence immediately before the commencement of this item.

(2) The Future Fund Act 2006 has effect, after the commencement of this item, as if the borrowing had been authorised under subsection 23(2) or (3), as the case requires, of that Act as amended by this Schedule.