Modifications etc. (not altering text)
C1Pt. V (ss. 53 - 89A) applied (with modifications) by S.R 2004/49, art. 3 (as substituted (28.1.2008) by Local Government (Constituting a Joint Committee a Body Corporate) (Amendment) Order (Northern Ireland) 2007 (S.R. 2007/505), art. 2(3))
C2Pt. V (ss. 53-89A) applied (with modifications) (20.8.2008) by Local Government (Constituting a Joint Committee a Body Corporate) Order (Northern Ireland) 2008 (S.R. 2008/310), art. 3(3)
The balance of any money borrowed by a council and not required for the purposes for which the money was borrowed may be applied—
(a)in or towards the repayment of a sum borrowed by the council; or
(b)with the approval of the Ministry, to any other purpose to which capital money may be applied.