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TI. 501 - Loan Indebtedness
 
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Treasurer’s Instruction No501
TitleLoan Indebtedness
Effective date1 July 2005
Objective and BackgroundProvides instruction on records required to be maintained in respect of loan indebtedness
Last Reviewed Date1 July 2004
PDF VersionFMTI-0501.pdf
This Instruction was previously known as Treasurer's Instruction No 1004 - Loan Indebtedness.

Black letter (or bold) items within these Instructions are mandatory and other plain font items are instructional or for the purpose of providing guidance only.

(1)Where an Agency or related body is empowered by law to borrow moneys, the Head of Agency shall establish and maintain a separate register of loan indebtedness with respect to borrowings, recording:
(a)
the amount of the loan;
(b)

(c)

(d)

(e)
the date of the loan;

references to approval for the loan and other relevant documents;

references to any guarantees provided by the Treasurer, including relevant documents; and

the specific terms and conditions of the loan.

(2)
The Head of Agency shall ensure that payments of principal and interest are made in accordance with the terms and conditions of the relevant loan.
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