# The Local Government (Scotland) Act 1975 (Local Authority Borrowing Limit) Order 1993, Article 2: Local authority borrowing limit


The aggregate of the amount outstanding on bills issued by a local authority under paragraph 6(1) of Schedule 3 to the Local Government (Scotland) Act 1975 shall not under paragraph 6(2)(a) of Schedule 3 to the Act exceed a sum equal to one third of the authority’s estimated gross income from rates, the council tax and the council water charge during the current year.

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Source: https://www.legislation.gov.uk/uksi/1993/1900/article/2 (the official version)
Page: https://openlegislation.uk/local-government-scotland-act-1975-local-authority-borrowing-limit-order-1993/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.