4. Shire of Waroona empowered to transfer and use certain funds
(1) In this section ¾
}prescribed moneys~ means the moneys deposited on or before 30 June 1987 to the credit of the fund, together with interest earned on those moneys;
}the fund~ means the }Shire of Waroona Reserve Fund ¾ General~ (now held with the National Australia Savings Bank Ltd at Waroona).
(2) All prescribed moneys remaining to the credit of the fund as at the commencement of this Act ¾
(a) may be transferred by the Shire of Waroona to the credit of the }Shire of Waroona Municipal Account~ (held with the National Australian Savings Bank Ltd at Waroona); and
(b) after the moneys have been transferred in accordance with paragraph (a) may, with the approval of the Minister, be used by the Shire for community purposes.
[Section 4 amended by No. 27 of 1994 s.42.]