# The Local Authority (Capital Finance and Accounting) (Scotland) Regulations 2016, Regulation 3: Borrowing of money by a local authority


Two or more local authorities may combine to exercise their powers of borrowing money jointly, and where they do so these Regulations shall apply to the amount each authority receives from the joint loan.

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Source: https://www.legislation.gov.uk/sdsi/2016/9780111031063/regulation/3 (the official version)
Page: https://openlegislation.uk/draft-local-authority-capital-finance-and-accounting-scotland-regulations-2016/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.