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PART XIIIE+W GENERAL FINANCIAL PROVISIONS

Borrowing powersE+W

428 Continuance of certain powers to borrow for housing purposes.E+W

(1)A local authority may borrow for any of the purposes for which borrowing was, before the commencement of this Act, authorised by—

(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.

Marginal Citations