OpenLegislation

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

1991 NI 6

Notes on the whole Act

Textual amendments

F1

functions transf. by SR 1999/481