{
  "url": "https://openlegislation.uk/blyth-harbour-revision-order-2015/article-3",
  "json_url": "https://openlegislation.uk/blyth-harbour-revision-order-2015/article-3.json",
  "legislation": "uksi/2015/1384",
  "legislation_title": "The Blyth Harbour Revision Order 2015",
  "legislation_url": "https://openlegislation.uk/blyth-harbour-revision-order-2015",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Power to borrow",
  "text": "(1) The Commissioners, including any subsidiary of the Commissioners, may from time to time borrow, by any methods they see fit, such sums of money as they think necessary for the purposes of meeting their obligations in carrying out their functions.\n(2) A sum of money borrowed under paragraph (1) by the Commissioners, or any subsidiary of the Commissioners, may be borrowed upon the security of some or all of—\n(a) their assets for the time being;\n(b) their revenues;\n(c) a combination of their assets and revenues\nin whatever way they think fit.\n(3) The Commissioners, or a subsidiary of the Commissioners, may effect such arrangements as they think fit to mitigate against any financial risk incurred for the purpose of meeting the obligations mentioned in paragraph (1).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "For the definition of “functions” see section 57(1)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/1384/article/3",
    "retrieved_at": "2026-10-28T23:35:00.838430+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}