PART 1N.I.FINANCIAL ADMINISTRATION

BorrowingN.I.

Power to borrowN.I.

11  A council may borrow money—

(a)for any purpose relevant to its functions under any statutory provision; or

(b)for the purposes of the prudent management of its financial affairs.

Commencement Information

I1S. 11 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)