# The Local Loans (Increase of Limit) Order 2008

Draft 2008, ISBN 9780110846767

Section 4(1) of the National Loans Act 1968 limits the aggregate amount that may be outstanding in respect of commitments entered into by the Public Works Loan Commissioners to grant local loans and the principal amount of any local loans.

Made under: National Loans Act 1968 (Section 4)

PDFs: Printed copy https://openlegislation.uk/draft-local-loans-increase-of-limit-order-2008/pdf/ukdsi_9780110846767_en.pdf; Explanatory Memorandum https://openlegislation.uk/draft-local-loans-increase-of-limit-order-2008/pdf/ukdsiem_9780110846767_en.pdf

## Introductory text

Draft Order laid before the House of Commons under section 4(2) of the National Loans Act 1968, for approval by resolution of the House of Commons.
Local Loans
Made November 2008
Coming into force November 2008
The Treasury in exercise of the powers conferred upon them by section 4(1) of the National Loans Act 1968 make the following Order, a draft of which has been laid before and approved by a resolution of the House of Commons:

## 1 

This Order may be cited as the Local Loans (Increase of Limit) Order 2008, and shall come into force on the day after the day on which it is made.

## 2 

For the purposes of the aggregate limit in section 4(1) of the National Loans Act 1968, the Treasury specify the sum of £70,000 million.

## Signature

Name
Name
Two of the Lords Commissioners
of Her Majesty’s Treasury
Date

## Explanatory note

(This note is not part of the Order)
Section 4(1) of the National Loans Act 1968 limits the aggregate amount that may be outstanding in respect of commitments entered into by the Public Works Loan Commissioners to grant local loans and the principal amount of any local loans.
This Order increases that limit from £55,000 million to £70,000 million.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110846767 (the official version)
Page: https://openlegislation.uk/draft-local-loans-increase-of-limit-order-2008
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.