This 60 second guide is for...
- parish councillors and
who wish to gain a brief overview of how parish councils can arrange a loan or borrow money to fund local infrastructure projects.
It is illegal for Town and Parish Councils to have overdrafts as they have no powers to borrow money to fund day to day running expenses (revenue items) hence the need to have adequate reserves.
Article Contents - Click on a link below
This guide is indicative and not definitive, if in doubt get someone else involved or seek professional advice.
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