Point in time view as at 08/05/2017.
Housing Act 1985, Section 428 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)A local authority may borrow for any of the purposes for which borrowing was, before the commencement of this Act, authorised by—
section 136(1) of the M1Housing Act 1957,
section 54(1) of the M2Housing (Financial Provisions) Act 1958, or
paragraph 19 of Schedule 8 to the M3Housing Act 1969.
(2)The maximum period which may be sanctioned as the period for which money may be borrowed for any of those purposes by the Common Council of the City of London is 80 years, notwithstanding the provisions of any Act of Parliament.
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