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Local Government Act 1974

Land development for housing, commercial, and industrial purposes - Miscellaneous provisions

574: Borrowing powers of council

You could also call this:

"Councils used to be able to borrow money, but they can't do that anymore."

Illustration for Local Government Act 1974

A council had the power to borrow money, but this power is no longer available. You can find out more about when this power was taken away by looking at the Local Government Act 2002. The power to borrow money was repealed on 1 July 2003, by section 266 of the Local Government Act 2002, which you can read about on the legislation website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM422182.

Topics:
Government and voting > Local councilsMoney and consumer rights > Banking and loans
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Part 32Land development for housing, commercial, and industrial purposes
Miscellaneous provisions

574Borrowing powers of council (Repealed)

    Notes
    • Section 574: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).