{
  "url": "https://openlegislation.uk/police-act-1997-provisions-in-relation-to-the-ncis-service-authority-order-1998/article-G7",
  "json_url": "https://openlegislation.uk/police-act-1997-provisions-in-relation-to-the-ncis-service-authority-order-1998/article-G7.json",
  "legislation": "uksi/1998/633",
  "legislation_title": "The Police Act 1997 (Provisions in relation to the NCIS Service Authority) Order 1998",
  "legislation_url": "https://openlegislation.uk/police-act-1997-provisions-in-relation-to-the-ncis-service-authority-order-1998",
  "path": "article/G7",
  "kind": "article",
  "number": "G7",
  "heading": "The Authority’s own limits",
  "text": "(1) For the purposes of this Part, for each financial year the Authority shall determine—\n(a) an amount of money (in this Part referred to as “the overall borrowing limit”) which is for the time being the maximum amount which the Authority may have outstanding by way of borrowing;\n(b) an amount of money (in this Part referred to as “the short-term borrowing limit”), being a part of the overall borrowing limit, which is for the time being the maximum amount which the Authority may have outstanding by way of short term borrowing; and\n(c) a limit on the proportion of the total amount of interest payable by the Authority which is at a rate or rates which can be varied by the person to whom it is payable or which vary by reference to any external factors.\n(2) Subject to paragraph (3) below, the duty to determine the limits referred to in paragraph (1) above shall be performed before the beginning of the financial year to which the limits are to relate.\n(3) Where the Authority has determined a limit for a financial year under paragraph (1) above, the Authority may at any time (whether before or after the beginning of that year) vary that limit by making a new determination thereof.\n(4) Article D1 above (arrangements for discharge of functions of the Authority by committees, officers etc) shall not apply to the duty to make a determination under paragraph (1) above of any limit or to the power to vary a limit under paragraph (3) above.\n(5) For the purposes of paragraph (1)(b) above, the Authority may borrow money short term if the sum borrowed is repayable—\n(a) without notice; or\n(b) at less than twelve months notice; or\n(c) within twelve months of the date of the borrowing.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/633/article/G7",
    "retrieved_at": "2026-10-29T11:35:22.175644+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."
}