http://www.legislation.gov.uk/ukpga/2003/26/schedule/1/paragraph/4/enactedLocal Government Act 2003Business Improvement DistrictsKing's Printer of Acts of Parliament2021-08-04 SCHEDULESSCHEDULE 1 Capital finance: parish and community councils and charter trustees Loans 4 1 A local authority may lend to a qualifying local government body, on such terms as they may agree, such sums as the body may require for any purpose for which it is authorised by or under any enactment to borrow money. 2 In sub-paragraph (1), “qualifying local government body” means a body with local government functions which is specified for the purposes of this paragraph by regulations made by the appropriate person.
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