Electricity (Supply) Act, 1927

Application to borrowing under this Act of the Public Health (Ireland) Acts, 1878 to 1919.

78.—(1) Whenever a local authority which is an authorised undertaker borrows under this Act any sum from the Board for any purpose the purpose for which such sum is so borrowed shall be deemed to be a purpose for which such local authority may borrow under the Public Health (Ireland) Acts, 1878 to 1919, and the said Acts shall apply to such borrowing in like manner as they apply to any borrowing thereunder by a local authority with the modification that the sanction required by the said Acts for any borrowing thereunder by a local authority shall for the purposes of the borrowing under this Act of any sum from the Board by a local authority which is an authorised undertaker be the sanction of the Board.

(2) Any sum borrowed under this Act by a local authority which is an authorised undertaker shall not be reckoned as part of the total debt of such local authority for the purpose of any limitation on borrowing imposed by the Public Health (Ireland) Acts, 1878 to 1919.