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National Parks (Scotland) Act 2000

Section 23:  Borrowing powers

65.This section sets out the arrangements under which a National Park authority may borrow money. Under subsection (1)an authority may borrow money from the Scottish Ministers, or from someone else with the Scottish Ministers’ consent (which may be granted with conditions). Subsections (3) and (4)require that the amounts borrowed in a year, net of any repayments (other than interest) must not be greater than the amount specified in a Budget Act.

66.Subsection (5)makes clear that a National Park authority may borrow money only under the provisions set out in this section.

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Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.

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