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Local Government Act 1974

Borrowing and security - Miscellaneous provisions

122ZP: Loans not guaranteed by Crown

You could also call this:

"Loans that the government does not promise to pay back"

Illustration for Local Government Act 1974

The law says that some loans are not guaranteed by the Crown. You need to know that this rule is part of the Local Government Act 1974. This particular rule, called section 122ZP, is no longer in use because it was repealed on 1 July 2003 by section 266 of the Local Government Act 2002.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=DLM418736.

Topics:
Government and voting > Local councilsMoney and consumer rights > Banking and loans
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Part 7BBorrowing and security
Miscellaneous provisions

122ZPLoans not guaranteed by Crown (Repealed)

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    • Section 122ZP: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).