# Finance Act 2014, Section 300: Increase in limit for local loans


(1) In section 4(1) of the National Loans Act 1968 (local loans granted by the Public Works Loan Commissioners)—
(a) for “£55,000 million” substitute “ £85 billion ”, and
(b) for “£70,000 million” substitute “ £95 billion ”.
(2) The Local Loans (Increase of Limit) Order 2008 (S.I. 2008/3004) is revoked.
(3) This section comes into force on such day as the Treasury may by order made by statutory instrument appoint.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/300 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-300
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.