Statutory Water Companies Act 1991 (c. 58)

Part IPart I Powers of Statutory Water Companies

Relaxation of restrictions affecting raising of capital

6 Relaxation of restrictions on payment of interest

Nothing in so much of any local statutory provision as imposes a requirement—

(a) as to the rate of interest at which sums may be borrowed by a statutory water company; or

(b) as to the rate at which interest on sums so borrowed is to be paid,

shall apply in relation to any borrowing by a statutory water company after 31st August 1989.