# The School Companies Regulations 2002, Regulation 11: Permission required before a school company may borrow


The constitution of a school company must provide that the company shall not borrow any funds, whether secured or unsecured, without the permission of the company’s supervising authority.

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Source: https://www.legislation.gov.uk/uksi/2002/2978/regulation/11 (the official version)
Page: https://openlegislation.uk/school-companies-regulations-2002/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.