5Application
This Act applies to the Funding Agency only while the Funding Agency is a council-controlled organisation.
Local Government Borrowing Act 2011
Preliminary provisions
5: Application
"When a council is in charge of the Funding Agency, this law applies to it."
This Act is for the Funding Agency, but only when it is controlled by a council. You need to know that the Funding Agency must be a council-controlled organisation for this Act to apply. The Act is only for the Funding Agency when it has this special status.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3620717.