Plain language law

New Zealand law explained for everyone

Local Government Act 1974

Borrowing and security - Power to borrow

122ZB: Power to enter into incidental arrangements

You could also call this:

"Councils can make extra plans when borrowing money"

Illustration for Local Government Act 1974

When a council borrows money, you know they have to make arrangements for it. The council has the power to make other arrangements that are related to borrowing money. This power is part of the rules about borrowing money, but this specific rule is no longer in use, it was repealed on 1 July 2003 by section 266 of the Local Government Act 2002.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=DLM418584.

Topics:
Government and voting > Local councilsMoney and consumer rights > Banking and loans
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122ZAA: Internal borrowing, or

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

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122ZC: Prohibition on borrowing in foreign currency, or

"No borrowing in other countries' money"

Part 7BBorrowing and security
Power to borrow

122ZBPower to enter into incidental arrangements (Repealed)

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    • Section 122ZB: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).