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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

Section 4(1) of the National Loans Act 1968 (c. 13) limits the aggregate amount that may be outstanding in respect of commitments entered into by the Treasury to grant local loans and the principal amount of any local loans.

This Order increases that limit from £115 billion to £135 billion.

A full impact assessment has not been produced for this instrument as no, or no significant impact on the private, voluntary, or public sector is foreseen.