Local Government Act 1974

Public services - Parking places and buildings and transport stations

592: Territorial authority may guarantee loans for parking buildings or parking spaces

You could also call this:

"Councils can promise to pay back loans for car park buildings or spaces if the borrower can't."

Illustration for Local Government Act 1974

A territorial authority can guarantee loans for buildings or spaces where people park their cars. This means they promise to pay back the loan if the person who borrowed the money cannot. You can find more information about this in the Local Government Act 2002, which changed this rule on 1 July 2003.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM422388.


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Part 34Public services
Parking places and buildings and transport stations

592Territorial authority may guarantee loans for parking buildings or parking spaces (Repealed)

    Notes
    • Section 592: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).