(1)The maximum period for the repayment of sums borrowed by a local authority for the purposes of—
(a)the Public Libraries Acts,
F1(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c)the M1Children and Young Persons (Scotland) Act, 1937,
(d)section seventy-four of the Act of 1947 (which relates to the provision of halls, offices and other buildings),
(e)section one hundred and thirty-two of the M2Local Government Act, 1948 (which relates to the provision of entertainments),
(f)section twenty-one of the M3National Assistance Act, 1948, or
(g)section fifteen of the M4Children Act, 1948 (which relates to the provision by local authorities of homes for the accommodation of children in their care),
shall be such period not exceeding sixty years as may be sanctioned by the Secretary of State; and accordingly in the Sixth Schedule to the Act of 1947, in the entries relating to the Public Libraries Acts and to the said Act of 1937, for the words “fifty years” there shall be substituted the words “sixty years” F2...; and the following entries shall be added at the end of the said Schedule, that is to say—
| “Section seventy-four of the M5Local Government (Scotland) Act, 1947. | Such period not exceeding sixty years as may be sanctioned by the Secretary of State. |
| Section one hundred and thirty-two of the M6Local Government Act, 1948. | Such period not exceeding sixty years as may be sanctioned by the Secretary of State. |
| Section twenty-one of the M7National Assistance Act, 1948. | Such period not exceeding sixty years as may be sanctioned by the Secretary of State. |
| Section fifteen of the M8Children Act, 1948. | Such period not exceeding sixty years as may be sanctioned by the Secretary of State.” |
(2)Where a local authority is authorised to borrow money for the purpose of any enactment, any provision (whether in that or another enactment) that any sum so borrowed shall be repaid within a period of fewer than sixty years, or within such period not exceeding fifty-nine or fewer years as the local authority or a Minister may determine, shall be construed as applying only to sums so borrowed for expenditure otherwise than on the acquisition of land; and any sum so borrowed by the local authority for expenditure on the acquisition of land (being a sum to which any such provision as aforesaid would, apart from this subsection, apply) shall be repaid within such period not exceeding sixty years as may be sanctioned by the Secretary of State, or, where the consent of another Minister is required for the borrowing, by that other Minister.
(3)In this section “local authority” and “Minister” have the same meanings as in the Act of 1947, and references to the acquisition of land do not include references to the acquisition, with any land, of buildings or other works thereon, being buildings or other works required to make the land fit for the purpose for which it is acquired.
Textual Amendments
F1S. 12(1)(b) repealed (4.4.2019) by Burial and Cremation (Scotland) Act 2016 (asp 20), s. 112(2), sch. 2 (with s. 111); S.S.I. 2018/380, reg. 2, sch. (with reg. 8)
F2Words in s. 12(1) repealed (4.4.2019) by Burial and Cremation (Scotland) Act 2016 (asp 20), s. 112(2), sch. 2 (with s. 111); S.S.I. 2018/380, reg. 2, sch. (with reg. 8)
Marginal Citations