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The Housing Corporation Advances (Increase of Limit) Order 1990

S.I. 1990/779 · Made 29 March 1990

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

HOUSING, ENGLAND AND WALES

Made 29th March 1990

Coming into force 30th March 1990

The Secretary of State for the Environment, in exercise of the powers conferred on him by section 93(2A)(a) of the Housing Associations Act 1985 f1, and of all other powers enabling him in that behalf, and with the consent of the Treasury, hereby makes the following Order, a draft of which has been laid before, and has been approved by resolution of, the House of Commons:

Annotations to the whole text

Footnotes

f1

1985 c. 69; subsection (2A) was inserted by paragraph 35(2) of Schedule 6 to the Housing Act 1988 (c. 50)

Contents

  1. 1Citation and commencement
  2. 2Increase of limit on advances
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Housing Corporation Advances (Increase of Limit) Order 1990 and shall come into force on the day after the day on which it is made.

2Increase of limit on advances

For the purposes of subsection (2A)(a) of section 93 of the Housing Associations Act 1985, £2,300 million is hereby specified in relation to the Housing Corporation as the limit referred to in subsection (2) of that section.

Signature

Chris Patten

Secretary of State for the Environment

27th March 1990

We consent to the making of this Order.

John Taylor

David Lightbown

Two of the Lords Commissioners of Her Majesty’s Treasury

29th March 1990

Explanatory note

(This note is not part of the Order)

The Housing Corporation’s powers of borrowing are subject to a limit under section 93 of the Housing Associations Act 1985. This Order increases that limit from £2,000 million to £2,300 million.