Transport Act, 1983

Temporary borrowing powers of Board.

4.—The following is substituted for section 28 (1) (c) of the Act of 1950 (inserted by the Act of 1981):

“(c) The Board shall not in any case so exercise its powers under paragraph (a) of this subsection that its total indebtedness in respect of temporary borrowing exceeds at any one time £40,000,000.”.