55 Powers of internal drainage boards and local authorities to borrow etc
Land Drainage Act 1991 (1991 c 59) | Legislation

Chapter III
Further Financial Provisions

55  Powers of internal drainage boards and local authorities to borrow etc

(1)     Subject to the following provisions of this section, an internal drainage board may borrow, on the security of their property or income—

(a)     for the purpose of defraying any costs, charges or expenses incurred by them [in the exercise or performance of any power or duty under this Act or the Water Resources Act 1991]; or

(b)     for the purpose of discharging any loan contracted by them under this Act or any provision re-enacted, whether directly or indirectly, by this Act.

(2)     The council

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