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Local Government, Planning and Land Act 1980
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Changes to legislation:
Local Government, Planning and Land Act 1980, Cross Heading: Borrowing is up to date with all changes known to be in force on or before 07 February 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.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Schedule 31 Part II Crossheading Borrowing:
- s. 98(A1)(B1) inserted by 2016 c. 22 s. 209(2)
- s. 98(8)(d) and word added by 1989 c. 42 Sch. 11 para. 56
- s. 98(8)(d) word substituted by 2007 c. 28 Sch. 14 para. 3(2)(a)(i)
- s. 98(8)(d) words substituted by 2007 c. 28 Sch. 14 para. 3(2)(a)(ii)
- s. 98(8A) added by 1989 c. 42 Sch. 11 para. 56
- s. 98(8A) word substituted by 2007 c. 28 Sch. 14 para. 3(2)(b)
- s. 98(8A)(aa) inserted by 1994 c. 19 s. 66(6) Sch. 16 para. 57(4)
- s. 98(10) inserted by 2016 c. 22 s. 209(3)
- s. 100(1)(1A) substituted for s. 100(1) by 1989 c. 42 Sch. 11 para. 57
- s. 100(1)(a) words substituted by 2007 c. 28 Sch. 14 para. 3(3)(a)
- s. 100(1ZA) (1ZB) inserted by 2007 c. 28 Sch. 14 para. 3(3)(b)
- s. 134(1B) inserted by 2023 c. 55 s. 171(2)
- s. 134(3C) inserted by 2023 c. 55 Sch. 16 para. 2(5)
- s. 134(6)(7) inserted by 2023 c. 55 Sch. 16 para. 2(11)
- s. 134A inserted by 2023 c. 55 s. 171(3)
- s. 135(4A)-(4C) inserted by 2023 c. 55 s. 171(6)
- s. 135(7) inserted by 2023 c. 55 Sch. 16 para. 3(3)
- s. 149(1A) inserted by 2023 c. 55 s. 174(2)(a)
- s. 149(2A) inserted by 2023 c. 55 s. 174(2)(c)
- s. 149(3A) inserted by 2023 c. 55 s. 174(2)(e)
- s. 149(4A) inserted by 2023 c. 55 s. 174(2)(f)
- s. 149A inserted by 2023 c. 55 s. 174(3)
- Sch. 26 para. 1A inserted by 2023 c. 55 s. 178(1)(b)
- Sch. 29 Pt. 1 para. 1 inserted by 2023 c. 55 s. 174(4)(a)
- Sch. 29 Pt. 1 para. 3 inserted by 2023 c. 55 s. 174(4)(c)
- Sch. 29 Pt. 1 para. 5 inserted by 2023 c. 55 s. 174(4)(e)
- Sch. 29 Pt. 1 para. 2 words in Sch. 29 Pt. 1 renumbered as Sch. 29 Pt. 1 para. 2 by 2023 c. 55 s. 174(4)(b)
- Sch. 29 Pt. 1 para. 4 words in Sch. 29 Pt. 1 renumbered as Sch. 29 Pt. 1 para. 4 by 2023 c. 55 s. 174(4)(d)
- Sch. 31 para. 8(2A) inserted by 2023 c. 55 s. 179(1)(b)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 98(A1)(B1) inserted by 2016 c. 22 s. 209(2)
- s. 98(8)(d) and word added by 1989 c. 42 Sch. 11 para. 56
- s. 98(8)(d) word substituted by 2007 c. 28 Sch. 14 para. 3(2)(a)(i)
- s. 98(8)(d) words substituted by 2007 c. 28 Sch. 14 para. 3(2)(a)(ii)
- s. 98(8A) added by 1989 c. 42 Sch. 11 para. 56
- s. 98(8A) word substituted by 2007 c. 28 Sch. 14 para. 3(2)(b)
- s. 98(8A)(aa) inserted by 1994 c. 19 s. 66(6) Sch. 16 para. 57(4)
- s. 98(10) inserted by 2016 c. 22 s. 209(3)
- s. 100(1)(1A) substituted for s. 100(1) by 1989 c. 42 Sch. 11 para. 57
- s. 100(1)(a) words substituted by 2007 c. 28 Sch. 14 para. 3(3)(a)
- s. 100(1ZA) (1ZB) inserted by 2007 c. 28 Sch. 14 para. 3(3)(b)
- s. 134(1B) inserted by 2023 c. 55 s. 171(2)
- s. 134(3C) inserted by 2023 c. 55 Sch. 16 para. 2(5)
- s. 134(6)(7) inserted by 2023 c. 55 Sch. 16 para. 2(11)
- s. 134A inserted by 2023 c. 55 s. 171(3)
- s. 135(4A)-(4C) inserted by 2023 c. 55 s. 171(6)
- s. 135(7) inserted by 2023 c. 55 Sch. 16 para. 3(3)
- s. 149(1A) inserted by 2023 c. 55 s. 174(2)(a)
- s. 149(2A) inserted by 2023 c. 55 s. 174(2)(c)
- s. 149(3A) inserted by 2023 c. 55 s. 174(2)(e)
- s. 149(4A) inserted by 2023 c. 55 s. 174(2)(f)
- s. 149A inserted by 2023 c. 55 s. 174(3)
- Sch. 26 para. 1A inserted by 2023 c. 55 s. 178(1)(b)
- Sch. 29 Pt. 1 para. 1 inserted by 2023 c. 55 s. 174(4)(a)
- Sch. 29 Pt. 1 para. 3 inserted by 2023 c. 55 s. 174(4)(c)
- Sch. 29 Pt. 1 para. 5 inserted by 2023 c. 55 s. 174(4)(e)
- Sch. 29 Pt. 1 para. 2 words in Sch. 29 Pt. 1 renumbered as Sch. 29 Pt. 1 para. 2 by 2023 c. 55 s. 174(4)(b)
- Sch. 29 Pt. 1 para. 4 words in Sch. 29 Pt. 1 renumbered as Sch. 29 Pt. 1 para. 4 by 2023 c. 55 s. 174(4)(d)
- Sch. 31 para. 8(2A) inserted by 2023 c. 55 s. 179(1)(b)
BorrowingE+W+S
4(1)A corporation may borrow temporarily, by way of overdraft or otherwise, such sums as it may require for meeting its obligations and discharging its functions—E+W+S
(a)in sterling from the Secretary of State, or
(b)with the consent of the Secretary of State, or in accordance with any general authority given by the Secretary of State, either in sterling or in a currency other than sterling from a person other than the Secretary of State.
(2)A corporation may borrow otherwise than by way of temporary loan such sums as the corporation may require—
(a)in sterling from the Secretary of State, or
(b)with the consent of the Secretary of State, in a currency other than sterling from a person other than the Secretary of State.
(3)The Secretary of State may lend to a corporation any sums it has power to borrow from him sub-paragraph (1) or (2) above.
(4)The Treasury may issue to the Secretary of State out of the National Loans Fund any sums necessary to enable him to make loans under sub-paragraph (3) above.
(5)Loans made under sub-paragraph (3) above shall be repaid to the Secretary of State at such times and by such methods, and interest on the loans shall be paid to him at such times and at such rates, as he may determine.
(6)All sums received by the Secretary of State under sub-paragraph (5) above shall be paid into the National Loans Fund.
(7)References in this paragraph to the Secretary of State are references to him acting with the Treasury’s approval.
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