Participating in the NZ Local Government Funding Agency Limited

Statement of Proposal

Participation in the New Zealand Local Government Funding Agency Limited (LGFA)

Westland District Council has adopted the Statement of Proposal to participate in the New Zealand Local Government Funding Agency Limited.

This means that Council will participate in the LGFA Scheme, but not as a Principal Shareholding Local Authority or as a Guaranteeing Local Authority, but simply as a borrower.

Under Section 82A of the Local Government Act 2002, the proposal is available for inspection and there is an opportunity to make submissions. The proposal is available at the Council's Customer Service Centre, 36 Weld Street, Hokitika, and also in PDF format below.

Submissions must be in writing and addressed to the Council. Submissions may be sent either:

Submissions must be received no later than 5.00pm on 29 September 2017.

See the complete document below including: Copy of Public Notice, Liability Management Policy and Report, Investment Policy, Statement of Proposal and Report, LGFA Information Memorandum, and Submission Form template.