Amendment status not verified — confirm the current text below against the official source.
Board to be a local authori(y within the meaning qf the Loral Authorities LoaiU Act.- ( 1) The Board shall be deemed to be a local nuthority, as defined m the Tr.wancore-Cochm Local Authorit1cs Loa111 Act, 1951, • • 44 for the purpose ofborrowing money under that Act, but the provisions of that Act and of the rules made thereunder shall have effect subject to the provisions contained in th1s Act. (2) The Board shall also have power to borrow money from the Government on such terms as may be approved by them.