Section 17, The Public Debt Management Act, 2011.

(1) Subject to this section, a local council may borrowfunds only within Sierra Leone, and only up to such limit as may be determined by the Minister. (2) For the purposes of subsection (1), the Minister after consultation with the Minister responsible for local government shall prescribe an annual borrowing limit for each local council based on its capacity to repay and such other considerations as the Minister may determine. (3) Notwithstanding subsection (1), a local council intending to borrow above the limit prescribed in subsection (2) shall obtain prior approval of the Minister through the Minister responsible for local government.