Local Government Finance Authority Act 1983 (SA)

South Australia Local Government Finance Authority Act 1983 An Act to establish a corporation to be known as the Local Government Finance Authority of South Australia; to make provision relating to the financial powers and relations of the Authority, councils and other bodies; and for other purposes.

Contents Part 1—Preliminary 1 Short title 3 Interpretation Part 2—The Local Government Finance Authority of South Australia Division 1—Establishment of the Authority 4 Establishment of the Authority 5 Councils to be members of the Authority Division 2—The Board of Trustees of the Authority 6 Authority to be managed by Board of Trustees 7 Constitution of the Board 8 Terms and conditions of office 9 Presiding Member 10 Procedures etc of the Board 11 Validity of acts of the Board and immunity of members 12 Disclosure of interest 13 Allowances and expenses for members Division 3—General meetings of the Authority 14 Annual general meetings and special general meetings 15 Representation at meetings 16 Quorum etc 17 Procedure at general meetings 18 Business of general meetings 20 Resolutions of general meetings Part 3—The Authority and local government financing 21 Functions and powers of the Authority 22 Financial management 23 Money provided by Treasurer 24 Guarantee by Treasurer etc 25 Approvals by Minister or Treasurer 26 Power of councils etc to borrow money from or deposit money with Authority Part 4—Miscellaneous 28 Delegation by the Board 29 Staff 31 Authority may charge fees 31A Tax equivalents 32 Exemption of Authority from State taxes etc 32A Evidentiary provision 33 Accounts and audit 34 Annual report 35 Activities with prescribed bodies 36 Regulations 37 Rules of the Authority Legislative history

The Parliament of South Australia enacts as follows: Part 1—Preliminary 1—Short title This Act may be cited as the Local Government Finance Authority Act 1983. 3—Interpretation In this Act, unless the contrary intention appears: the Authority means the Local Government Finance Authority of South Australia established under Part 2; the Board means the Board of Trustees of the Authority established under Part 2; council means a council as defined in the Local Government Act 1934; council representative means a person appointed by a council under Part 2 to represent it at a general meeting of the Authority; LGA means the Local Government Association of South Australia; loan means any form of financial accommodation (not being a grant) and lend and borrow have corresponding meanings; prescribed local government body means— (a) a controlling authority established under Part 13 of the Local Government Act 1934; or (b) the LGA; or (c) any other body— (i) established by or for councils or for local government purposes; and (ii) prescribed for the purposes of this paragraph; representative member of the Board means a member of the Board— (a) elected to the Board; or (b) appointed to the Board upon the nomination of the LGA, under Part 2; security includes any document evidencing indebtedness.