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PART 3BORROWING

Code of practice

7.  In complying with their duty under section 13(1) (duty to determine affordable borrowing limit), a council shall have regard to the code of practice entitled the “Prudential Code for Capital Finance in Local Authorities” published by CIPFA, as amended or reissued from time to time(1).

(1)

The current issue of this code of practice was published in London in 2009. ISBN 978 1 84508 207 9