The Local Government Act 2003 is amended as follows.
After section 12 (power to invest) insert—
In section 2 (control of borrowing), in subsection (1)—
after paragraph (b) insert , and", or"
after that paragraph insert— c any limit for the time being applicable to it under section 12A.
In section 5 (temporary borrowing)—
in subsection (1), after "section 4" insert , and"or 12A"
in subsection (2), after "section 4(2)" insert ."or 12A"
In section 8 (control of credit arrangements), in subsection (1)—
after paragraph (b) insert , and", or"
after that paragraph insert— c any limit for the time being applicable to it under section 12A.
In section 12 (power to invest), at the end insert—
In section 19 (application to parish and community councils), in subsection (1) for "9 to 13" substitute ."9 to 12, 13"
In section 23 (meaning of "local authority" in Chapter 3 of Part 1), in subsection (4), after "1 to 8," insert ."12A to 12D,"