{
  "url": "https://openlegislation.uk/british-railways-board-finance-act-1991/section-1",
  "json_url": "https://openlegislation.uk/british-railways-board-finance-act-1991/section-1.json",
  "legislation": "ukpga/1991/63",
  "legislation_title": "British Railways Board (Finance) Act 1991",
  "legislation_url": "https://openlegislation.uk/british-railways-board-finance-act-1991",
  "path": "section/1",
  "kind": "section",
  "number": "1",
  "heading": "Increased borrowing limit for British Railways Board.",
  "text": "(1) In section 42(6) of the Transport Act 1968 (which, as amended by section 1 of the Transport (Finance) Act 1982, limits the aggregate amount outstanding in respect of the principal of money borrowed by the British Railways Board and its commencing capital debt to £1,100 million or such greater sum not exceeding £1,300 million as the Secretary of State may by order specify) for the words from “shall not exceed” to “as the Minister” there shall be substituted “shall not exceed £3,000 million or such greater sum not exceeding £5,000 million as the Secretary of State”.\n(2) Section 1 of the Transport (Finance) Act 1982, which is superseded by subsection (1) above, is hereby repealed.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "1968 c. 73."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "1982 c. 6."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1991/63/section/1",
    "retrieved_at": "2026-10-29T09:36:40.186533+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}