20.—(1) The Authority may from time to time borrow, by any methods and on such terms as it sees fit, such sums of money as it thinks necessary for the purposes of meeting its obligations in carrying out its statutory powers, duties and functions; and where moneys are borrowed by the Authority under this Article, the Authority may, if it sees fit, borrow those moneys upon the security of some or all of its assets or of some or all of its revenues or of some or all of both its assets and revenues; and the Authority may effect such arrangements as it sees fit to mitigate against any financial risk incurred for the purposes of meeting such obligations.
(2) The provisions of sections 3, 4 and 5 of the Lerwick Harbour Revision Order 1982 are hereby repealed.
Commencement Information
I1Art. 20 in force at 10.1.2015, see art. 1(1)