Section 23: Borrowing powers
65.This section sets out the arrangements under which a National Park authority may borrow money. Under subsection (1)an authority may borrow money from the Scottish Ministers, or from someone else with the Scottish Ministers’ consent (which may be granted with conditions). Subsections (3) and (4)require that the amounts borrowed in a year, net of any repayments (other than interest) must not be greater than the amount specified in a Budget Act.
66.Subsection (5)makes clear that a National Park authority may borrow money only under the provisions set out in this section.