Ministers and Secretaries (Amendment) Act 2011
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Amendment of section 106 of Local Government Act 2001. |
89.— Section 106 of the Local Government Act 2001 is amended— | |
(a) by the substitution of the following subsection for subsection (5): | ||
“(5) The Minister may, after consultation with the Minister for Finance and the Minister for Public Expenditure and Reform, make regulations in relation to borrowing by local authorities.”, | ||
and | ||
(b) by the substitution of the following subsection for subsection (8): | ||
“(8) The appropriate Minister may, after consultation with the Minister for Finance and the Minister for Public Expenditure and Reform, sanction borrowing by a local authority in a currency other than the currency of the State.”. |