{
  "url": "https://openlegislation.uk/draft-merchant-shipping-general-lighthouse-authorities-increase-of-borrowing-limit-order-2024/note",
  "json_url": "https://openlegislation.uk/draft-merchant-shipping-general-lighthouse-authorities-increase-of-borrowing-limit-order-2024/note.json",
  "legislation": "ukdsi/2024/9780348263299",
  "legislation_title": "The Merchant Shipping (General Lighthouse Authorities) (Increase of Borrowing Limit) Order 2024",
  "legislation_url": "https://openlegislation.uk/draft-merchant-shipping-general-lighthouse-authorities-increase-of-borrowing-limit-order-2024",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nUnder 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.\nNo impact assessment has been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen. An Explanatory Memorandum is available alongside the instrument at www.legislation.co.uk.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2024/9780348263299/note",
    "retrieved_at": "2026-10-30T14:40:48.794356+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."
}