A street works authority shall keep separate accounts of all money expended and recovered by them in the execution of the private street works code.

A street works authority may from time to time borrow money for the purpose of providing temporarily for expenses of street works in private streets.

If the whole or a part of a loan raised in respect of expenses of street works is outstanding at the date when any sum is recovered in respect of the expenses of those street works under section 212 above, the sum so recovered shall be applied in repayment of the loan.