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Home » The Local Authorities Loans Rules, 1965

5. Works for which money may be borrowed etc.

A local authority shall not borrow money nor shall it guarantee the payment of interest for any work which it is not legally authorised to execute under the provisions of law governing it.

‹ 4. Nature of the funds on the security of which a local authority may borrow up 6. Manner of application for permission to borrow money ›
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Contents

  • 1. Short title and commencement
  • 2. Definitions
  • 3. Limitation of borrowing power
  • 4. Nature of the funds on the security of which a local authority may borrow
  • 5. Works for which money may be borrowed etc.
  • 6. Manner of application for permission to borrow money
  • 7. Manner of making application for sanction to give guarantee
  • 8. Inquiries to be made on applications
  • 9. Rejection of application etc.
  • 10.
  • 11. Disposal of application **
  • 12. Power of Government to grant urgent loans
  • 13. Conditions relating to non-Government loans
  • 14. Inspection of works etc.
  • 15. Grant of Government Loans
  • 16. Control and inspection of works and accounts
  • 17. Procedure on attachment
  • 18. Procedure in respect of unexpended balances of loans
  • 19. Interest on Government loans
  • 20. Repayment of Government loans
  • 21. Accounts of Government loans
  • 22. Sinking fund for non - Government loans
  • APPENDIX I. Application for Loan
  • APPENDIX II. Application for Permission to Guarantee Interest
  • APPENDIX III

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