Local Government Act, 1955

Exclusion from limitation of borrowing.

43.—(1) This section applies to a local authority being an urban sanitary authority for the purposes of the Local Government (Sanitary Services) Acts, 1878 to 1952, and not being the corporation of a county borough.

(2) A sum borrowed by a local authority to whom this section applies in relation to a water supply or sewerage system shall not be reckoned as part of the debt of such authority for the purposes of any statutory limitation of borrowing.