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Section 2

of Loan Financial Source Enactment 1976

State EnactmentIn forceProvision 2 of 6

Section 2

The State may subject to the provisions of this Enactment in such manner and subject to such conditions as may be specified by the Federal Government borrow moneys for a period not exceeding five years from a bank or other financial source approved for that purpose by the Federal Government.

Loan to be charged to the State Consolidated Fund.