{
  "url": "https://openlegislation.uk/draft-merchant-shipping-general-lighthouse-authorities-increase-of-borrowing-limit-order-2024",
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  "id": "ukdsi/2024/9780348263299",
  "title": "The Merchant Shipping (General Lighthouse Authorities) (Increase of Borrowing Limit) Order 2024",
  "short_title": "Merchant Shipping (General Lighthouse Authorities) (Increase of Borrowing Limit) 2024",
  "long_title": "Under section 215 of the Merchant Shipping Act 1995, general lighthouse authorities may borrow money for certain purposes and subject to obtaining the necessary consents. Under section 216(1) the aggregate amount that may be outstanding in respect of the principal of any sums borrowed is limited to £100 million. This Order increases that limit by £33 million with effect from 31 December 2024, in accordance with section 216(2) of that Act.",
  "citation": "Draft 2024, ISBN 9780348263299",
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      "heading": "Increase of borrowing limit",
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      "date": "2024-09-09",
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      "id": "ukpga/1995/21",
      "title": "Merchant Shipping Act 1995",
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        "section/216"
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}