54. Fire Authority may borrow money---(1) Notwithstanding anything in
Part II of the Local Authorities Loans Act 1956, it shall be lawful for
any Fire Authority, with the consent of the Minister [of Forestry], to
borrow money from its bankers by way of overdraft, or from any person or
persons, to provide for any expenditure or costs which the Fire
Authority may lawfully incur or has lawfully incurred under this Act.
(2) In the case of any Fire Authority which is a local authority
within the meaning of Part II of the Local Authorities Loans Act 1956,
the money borrowed shall be deemed to be borrowed in anticipation of
revenue, but shall not be taken into account in determining the limits
prescribed by section 20 of that Act.
(3) The amount required to repay any money borrowed to provide for any
such expenditure or costs and the interest on the money shall be met as
if that amount were required to meet the expenditure or costs, and this
Act shall apply accordingly:
Provided that the amount may be raised by a levy imposed under this
Act at any time before or after the money is borrowed.
Cf. 1955, No. 44, s. 47
In subs. (1) the words ``of Forestry'' were inserted by s. 2 (1)
(a) of the Forest and Rural Fires Amendment Act 1987.