{
  "url": "https://openlegislation.uk/finance-act-2020/section-112",
  "json_url": "https://openlegislation.uk/finance-act-2020/section-112.json",
  "legislation": "ukpga/2020/14",
  "legislation_title": "Finance Act 2020",
  "legislation_url": "https://openlegislation.uk/finance-act-2020",
  "path": "section/112",
  "kind": "section",
  "number": "112",
  "heading": "Limits on local loans",
  "text": "(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)—\n(a) for “£85 billion” substitute “ £115 billion ”, and\n(b) for “£95 billion” substitute “ £135 billion ”.\n(2) The Local Loans (Increase of Limit) Order 2019 (SI 2019/1317) is revoked.\n(3) This section comes into force on such day as the Treasury may by regulations made by statutory instrument appoint.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "S. 112 in force at 12.5.2022 by S.I. 2022/531, reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2020/14/section/112",
    "retrieved_at": "2026-10-28T16:59:25.131008+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}