OpenLegislation

Section 15 Temporary borrowingI1

(1)

Subject to subsection (2), any limit for the time being determined by a council under section 13, or applicable to it under section 14, shall be treated for the purposes of this Part as increased by the amount of any payment which—

(a)

is due to the council in the period to which the limit relates, but

(b)

has not yet been received by it.

(2)

In the case of a limit determined under section 13, or set under section 14(2), subsection (1) shall not apply to any payment whose delayed receipt was taken into account in arriving at the limit.

Annotations

Commencement

I1

S. 15 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)

Notes on Part 1

Modifications

C1

Pt. 1 applied with modifications (2.4.2012) by The Local Government (Constituting Joint Committees as Bodies Corporate) Order (Northern Ireland) 2012 (S.R. 2012/10), arts. 1, 4

C2

Pt. 1 applied with modifications (1.4.2015) by The Local Government (Constituting a Joint Committee a Body Corporate) Order (Northern Ireland) 2015 (S.R. 2015/183), arts. 1, 4