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The Channel Four Television Corporation (Borrowing Limit) Order 2003

S.I. 2003/3176 · Made 4 December 2003

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

BROADCASTING

Made 4th December 2003

Laid before Parliament 8th December 2003

Coming into force 29th December 2003

The Secretary of State, in exercise of the powers conferred upon her by section 202 of the Communications Act 2003f1, and after consulting the Channel Four Television Corporation, hereby, with the consent of the Treasury, makes the following Order:

Annotations to the whole text

Footnotes

f1

2003 c. 21.

Contents

  1. 1Citation and commencement
  2. 2Limit on borrowing
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Channel Four Television Corporation (Borrowing Limit) Order 2003 and shall come into force on 29th December 2003.

2Limit on borrowing

There shall be a limit on the borrowing that the Channel Four Television Corporation is allowed to undertake, and that limit is specified to be the sum of £200 million.

Signature

Tessa Jowell

Secretary of State for Culture, Media and Sport

2nd December 2003

We consent to this Order

Nick Ainger

John Heppell

Two of the Commissioners of Her Majesty’s Treasury

4th December 2003

Explanatory note

(This note is not part of the Order)

This Order provides for a borrowing limit of £200 million to apply to the Channel Four Television Corporation. Section 202(3) of the Communications Act 2003 prohibits the borrowing of money by the Corporation if the effect of the borrowing would be to cause the amount of their outstanding borrowing to be, or to remain, in excess of the limit for the time being in force. A full regulatory impact assessment has not been produced for this instrument as it has no impact on the costs of business.