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Local Government Act 1974

Borrowing and security - Procedure for raising loans

122ZD: Procedure for borrowing money

You could also call this:

"How councils borrow money, according to the law"

Illustration for Local Government Act 1974

When you look at the law about borrowing money, you find a section called 122ZD. This section is about the procedure for borrowing money, but it has been repealed. You can find out more about the change by looking at section 266 of the Local Government Act 2002, which made the change on 1 July 2003.

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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=DLM418591.

Topics:
Government and voting > Local councils
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122ZC: Prohibition on borrowing in foreign currency, or

"No borrowing in other countries' money"

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122ZE: Security for loans, or

"A law about councils borrowing money was cancelled in 2003."

Part 7BBorrowing and security
Procedure for raising loans

122ZDProcedure for borrowing money (Repealed)

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    • Section 122ZD: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).