# Finance Act 2020, Section 112: Limits on local loans

Extent: E+W+S+N.I.

(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.

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Source: https://www.legislation.gov.uk/ukpga/2020/14/section/112 (the official version)
Page: https://openlegislation.uk/finance-act-2020/section-112
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.