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23 1941

LOCAL GOVERNMENT ACT, 1941

PART VI.

Provisions in Relation to Borrowing by Local Authorities.

Restrictions on application of limitations on borrowing.

63. —For the purposes of the limitations in force at any particular time on the amount which a local authority may borrow, the following provisions shall apply and have effect, that is to say:—

(a) if any sinking or redemption fund is maintained for the purpose of the repayment of any sum borrowed by such local authority, the said sum shall be reckoned as being reduced by the amount then standing to credit in such fund,

(b) there shall not be reckoned any sum borrowed by such local authority for the purpose of defraying the expenses of any work in respect of which the Minister has, on the application of such local authority, certified that it is primarily work for the relief of unemployment,

(c) there shall not be reckoned any sum borrowed by such local authority by virtue of an authorisation given by the Minister under sub-section (3) of section 3 of the Local Authorities (Financial Provisions) Act, 1921.

Extension of Local Authorities (Financial Provisions) Act, 1921.

64. —The Local Authorities (Financial Provisions) Act, 1921, shall apply in relation to commissioners of towns and, accordingly, wherever the expression “local authority” occurs in that Act, it shall be construed as including the commissioners of a town.

Amendment of sub-section (3) of section 3 of the Local Authorities (Financial Provisions) Act, 1921.

65. —(1) Sub-section (3) of section 3 of the Local Authorities (Financial Provisions) Act, 1921, is hereby amended by the deletion of the reference to the Act of 1923 now contained therein by virtue of section 3 of the Local Government (Temporary Provisions) (Amendment) Act, 1924 (No. 13 of 1924), and the substitution in lieu thereof of a reference to this section.

(2) This section shall continue in force until the 31st day of December, 1942, and shall then expire.

Borrowing by public assistance authorities.

66. —(1) A local authority which is a public assistance authority may borrow for the purposes of defraying any expenses incurred by them as such public assistance authority in the same manner in which a sanitary authority may borrow for the purposes of defraying expenses under the Public Health Acts, 1878 to 1931.

(2) The provisions of the Public Health Acts, 1878 to 1931, in relation to borrowing by a sanitary authority (except sub-sections (2) and (3) of section 238 of the Public Health (Ireland) Act, 1878) shall, with the necessary modifications, apply in relation to any borrowing by a local authority under this section.

(3) Money borrowed under this section may be lent to a local authority by means of an issue from the local loans fund as if such loan constituted a local loan within the meaning of the Local Loans Fund Acts, 1935 to 1940, and was authorised by an Act of the Oireachtas.