New Zealand Legislation: Bills

20 Lookout Point land declared endowment land

• (1) The Lookout Point land is—

  • (a) vested in the Waitaki District Council as an endowment property for the purposes of aiding Waitaki District Council funds; and

  • (b) an endowment property within the meaning of section 140(2) of the Local Government Act 2002.

  (2) Subsection (1) applies—

  • (a) for the avoidance of doubt; and

  • (b) despite any enactment or instrument to the contrary.