|
|
Borrowing by local authorities.
|
14.—(1) The council of a county may borrow under Article 22 of the Schedule to the Local Government (Application of Enactments) Order, 1898, for the purpose of defraying any expenses incurred by such council or by a planning authority partly appointed by such council in the making or execution of a planning scheme or otherwise in the execution of this Act in like manner as if such purpose were mentioned in that Article and money borrowed for any such purpose shall not be reckoned as part of the debt of such council for the purposes of any limitation on borrowing imposed by the said Article.
|
|
| |
(2) The council of a county borough, a borough, or an urban district or the board of health for a county health district may borrow under the Public Health Acts, 1878 to 1931, for the purpose of defraying any expenses incurred by such council or board or by a planning authority partly appointed by such council in the making or execution of a planning scheme or otherwise in the execution of this Act as if such purpose were a purpose for which such council or board is authorised to borrow under those Acts, but money borrowed for any such purpose shall not be reckoned as part of the debt of such council or board for the purposes of any limitation on borrowing imposed by those Acts.
|
