Section 112 Limits on local loansI1

United Kingdom

(1)

In section 4(1) of the National Loans Act 1968 (which sets a limit on local loans made in pursuance of section 3 of that Act)—

(a)

for “£85 billion” substitute “ £115 billion ”, and

(b)

for “£95 billion” substitute “ £135 billion ”.

(2)

The Local Loans (Increase of Limit) Order 2019 (SI 2019/1317) is revoked.

(3)

This section comes into force on such day as the Treasury may by regulations made by statutory instrument appoint.

Annotations