Part 1

Capital finance etc and accounts
Chapter 1

Capital finance etc

Borrowing

Temporary borrowing
5
1
Subject to subsection (2), any limit for the time being determined by or for a local authority under section 3, or applicable to it under section 4, shall be treated for the purposes of this Chapter as increased by the amount of any payment which—
a
is due to the authority 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 3, or set under section 4(2), subsection (1) shall not apply to any payment whose delayed receipt was taken into account in arriving at the limit.