PART 1FINANCIAL ADMINISTRATION
Borrowing
15Temporary borrowing
1
Subject to subsection (2), any limit for the time being determined by a council under section 13, or applicable to it under section 14, shall be treated for the purposes of this Part as increased by the amount of any payment which—
a
is due to the council in the period to which the limit relates, but
b
has not yet been received by it.
2
In the case of a limit determined under section 13, or set under section 14(2), subsection (1) shall not apply to any payment whose delayed receipt was taken into account in arriving at the limit.