This Act helps the New Zealand Local Government Funding Agency Limited work properly. You can think of it like a set of rules that makes it easier for the Funding Agency to do its job. The Act does this in a few ways.
The Act says the Funding Agency does not have to follow some rules that other organisations have to follow. It also says the Funding Agency has to follow some rules that other organisations do not have to follow. This helps make things fair for the Funding Agency.
The Act also lets local authorities work with the Funding Agency in ways they normally could not. Sometimes, the Act tells local authorities they have to do certain things when working with the Funding Agency. This helps local authorities and the Funding Agency work together smoothly.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3620700.
1: Title, or
"What the Local Government Borrowing Act 2011 is about"
The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.
Note 4 at the end of this version provides a list of the amendments included in it.
This Act is administered by the Department of Internal Affairs.
