Clause 2 - Control of borrowing
Local Government Bill
Amendment proposed [this day]: No. 26, in
clause 2, page 1, line 14, at end insert
'except where such borrowing is for the purpose of refinancing existing borrowing and the local authority states that repayment of an amount of existing borrowing sufficient to eliminate any such breach is to be made within fourteen days of the date of the borrowing in question.'.—[Mr. Hammond.]
Question again proposed, That the amendment be made.