Section 32 Over-riding of limits on borrowing powers of harbour authorities.
Where the Ministry is satisfied—
(a)
that expenditure incurred or to be incurred by a harbour authority for any purpose for which the authority may borrow money should be met by borrowing and repayment spread over a term of years; and
(b)
that the borrowing would exceed any limit imposed by any enactment passed before 20th December 1956 on the borrowing powers of the authority;
then notwithstanding any such enactmentF1. . . the authority may borrow money to meet the expenditure.
Annotations
Textual amendments
- F1
Notes on the whole Act
Textual amendments
- F1
functions transf. by SR 1999/481