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Not being allowed to borrow directly, many of them set up companies to borrow on their behalf, using land as collateral.
Even without such a law, one museum that sold artwork is to be punished by not being allowed to borrow art from other museums.
He says he'd use mayoral planning powers to impose more stringent demands on property developers to deliver affordable homes, and he's championed housing associations being allowed to borrow money from local people to fund the building of low cost homes in their areas.
Customers would have to go through a 45-minute interview to check they would have a realistic chance of repaying the loan before being allowed to borrow sums of about £500.
The council has already paid out nearly £500m after being allowed to borrow the money but the Department of Communities and Local Government will not allow it to borrow any more, leaving a shortfall of £550m.
Similar(53)
As loans were repaid, people were allowed to borrow more.
Greece within the eurozone was allowed to borrow riskily and was lent to riskily.
Municipalities would be allowed to borrow nearly $4 billion, according to a Senate estimate.
The drama department had a Bolex camera which he was allowed to borrow.
To keep the wheels turning, local authorities and other government agencies were allowed to borrow.
The poorest countries will not be allowed to borrow anywhere near that amount.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com