Plain language law

New Zealand law explained for everyone

Local Government Act 1974

Borrowing and security - Power to borrow

122ZA: General power to borrow

You could also call this:

"Councils used to be able to borrow money, but this rule is no longer in use."

Illustration for Local Government Act 1974

The law used to say you could borrow money, but this part of the law is no longer valid. It was stopped from being used on 1 July 2003 by a change made in the Local Government Act 2002. You can find out more about this change by looking at section 266 of the Local Government Act 2002.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM418577.

Topics:
Government and voting > Local councils
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122Z: Interpretation, or

"What words in the law mean"

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122ZAA: Internal borrowing, or

"Borrowing money within a council is no longer allowed under this old rule"

Part 7BBorrowing and security
Power to borrow

122ZAGeneral power to borrow (Repealed)

    Notes
    • Section 122ZA: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).