{
  "url": "https://openlegislation.uk/local-government-finance-act-northern-ireland-2011/section-12",
  "json_url": "https://openlegislation.uk/local-government-finance-act-northern-ireland-2011/section-12.json",
  "legislation": "nia/2011/10",
  "legislation_title": "Local Government Finance Act (Northern Ireland) 2011",
  "legislation_url": "https://openlegislation.uk/local-government-finance-act-northern-ireland-2011",
  "path": "section/12",
  "kind": "section",
  "number": "12",
  "heading": "Control of borrowing",
  "text": "(1) A council may not borrow money if doing so would result in a breach of—\n(a) the limit determined by it under section 13, or\n(b) any limit applicable to it under section 14.\n(2) The Department may, in relation to specific borrowing by a particular council, by direction disapply subsection (1)(b), so far as relating to any limit applicable under section 14(1).\n(3) A council may not, without the consent of the Department of Finance and Personnel, borrow otherwise than in sterling.\n(4) This section applies to borrowing under any power available to a council under any statutory provision.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "S. 12 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nia/2011/10/section/12",
    "retrieved_at": "2026-10-29T20:20:53.404622+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."
}