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Borrowing powers of the Board.
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2.—(1) Section 28 of the Act of 1950 is hereby amended as follows:
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(a) by the substitution, in paragraph (c) of subsection (1) (which imposes a limit on temporary borrowing) of one million, five hundred thousand pounds for one million pounds;
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(b) by the substitution, in paragraph (b) of subsection (2) (which imposes a limit on borrowing for capital purposes) of twelve million pounds for seven million pounds.
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(2) There may be attached to the consent of the Minister to the borrowing of money under subsection (2) of section 28 of the Act of 1950 the condition that the money shall be utilised only for the purpose of a programme of capital works approved by the Minister.
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