http://www.legislation.gov.uk/nia/2011/10/section/12Local Government Finance Act (Northern Ireland) 2011An Act to make provision for the financial affairs of district councils; to make provision relating to grants to district councils and for payments to councillors and other payments by district councils.texttext/xmlenStatute Law Database2017-06-23Expert Participation2016-05-08 PART 1121A council may not borrow money if doing so would result in a breach of—athe limit determined by it under section 13, orbany limit applicable to it under section 14.2The Department may, in relation to specific borrowing by a particular council, by direction disapply subsection (1)(b), so far as relating to any limit applicable under section 14(1).3A council may not, without the consent of the Department of Finance and Personnel, borrow otherwise than in sterling.4This section applies to borrowing under any power available to a council under any statutory provision.S. 12 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)Pt. 1 applied with modifications (2.4.2012) by The Local Government (Constituting Joint Committees as Bodies Corporate) Order (Northern Ireland) 2012 (S.R. 2012/10), arts. 1, 4Pt. 1 applied with modifications (1.4.2015) by The Local Government (Constituting a Joint Committee a Body Corporate) Order (Northern Ireland) 2015 (S.R. 2015/183), arts. 1, 4