Section 2 Amendment of Public Works Loans Act 1875. 1875 c. 89.
England, Wales and Scotland
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Section eleven of the said Act (which, as amended by subsequent enactments, provides that F2a local loan shall be repayable within a period not exceeding the period authorised by a special Act relating to the loan or, if no period be so authorised, not exceeding fifty years) shall have effect, in relation to a loan made to a local authority for any F3. . . purpose, as if a period authorised for the repayment of the loan by or under the enactment authorising the authority to borrow for that purpose were the period authorised by a special Act relating to the loan.
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Annotations
Textual amendments
- F1
S. 2(1) repealed by National Loans Act 1968 (c. 13), s. 24(2), Sch. 6 Pt. II
- F2
Words in s. 2(2) substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 51(2) (with art. 9)
- F3
Word repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. II
- F4
S. 2(3) omitted (25.2.2020) by virtue of The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 51(3) (with art. 9)