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\b\fs24\lang2057\langfe1033\langnp2057\insrsid14090535 -}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid12810064  TE-VAROVARO AMENDMENT 2006}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid606057 
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\par NO.4
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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid488942 ____________
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\fs24\lang2057\langfe1033\langnp2057\insrsid7235491 I hereby assent to this Act }{\fs24\lang2057\langfe1033\langnp2057\insrsid7235491\charrsid7235491 19th}{\fs24\lang2057\langfe1033\langnp2057\insrsid7235491  day of June 2006}{
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\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 Powers of the Authority}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294 
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\par }\pard \qc \li0\ri0\nowidctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7235491 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid7235491 2006, No. 4}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid14163294 
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\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid7235491 onga Uira O Tumu-Te-Varovaro Act 1991}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14163294 
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\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid7235491 BE IT ENACTED}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 
 by the Parliament of the Cook Islands in Session assembled, and by the authority of the same, as follows:}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid7235491\charrsid14163294 
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\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294  - (1) This Act may be cited as the Te Aponga Uira O Tumu-Te-Varovaro Amendment Act 2006 and shall be re
ad together with and deemed part of the Te Aponga Uira O Tumu-Te-Varovaro Act 1991 ("the principal Act").}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid7235491\charrsid14163294 
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\fs24\lang2057\langfe1033\langnp2057\insrsid5979616 o force on the 1}{\fs24\lang2057\langfe1033\super\langnp2057\insrsid5979616\charrsid5979616 st}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294  day of}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5979616  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 March 2006.}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294 
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\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14895988 Powers of the Authority}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294  - Section 17 of the}{\fs24\lang2057\langfe1033\langnp2057\insrsid14090535  principal Act is amended, by -}{\fs24\lang2057\langfe1033\langnp2057\insrsid14895988 
\par 
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\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 inserting in subsection (2) after paragraph (h), the following new paragraph -}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294 
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\fs24\lang2057\langfe1033\langnp2057\insrsid14163294  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 notwithstanding sections 53 and 68 of the Ministry of Finance and Economic Management Act 1995-96, but subject to subsection
 (3) of this section, enter into and execute, and be bound by co}{\fs24\lang2057\langfe1033\langnp2057\insrsid14895988 ntracts to borrow money and prov}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 
ide security in respect of such borrowing over all or any of its assets or undertaking.";
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\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 inserting after subsection (2), the following new subsection }{\fs24\lang2057\langfe1033\langnp2057\insrsid14090535 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294 
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\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 Any borrowing by the Authority under subsection (2)}{\fs24\lang2057\langfe1033\langnp2057\insrsid6904270  }{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 (i) is}
{\fs24\lang2057\langfe1033\langnp2057\insrsid12261801  subjected}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294  to the approval of Cabinet and the Crown shall not be liable}{\fs24\lang2057\langfe1033\langnp2057\insrsid6904270  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid12261801 or }{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 accountable for any debt incurred or loss suffered by the Authority }{\fs24\lang2057\langfe1033\langnp2057\insrsid12261801 or }
{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294\charrsid14163294 may arise from such borrowing."}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294 
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\fs24\lang2057\langfe1033\langnp2057\insrsid8000353 ____}{\fs24\lang2057\langfe1033\langnp2057\insrsid14163294 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8925322 
\par This Act is administered by Te Aponga Uira O Tumu \endash Te-Varovaro
\par 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8925322\charrsid14163294 
\par }}