# Local Authorities Loans Act 1945, Section 2: Amendment of Public Works Loans Act 1875. 1875 c. 89.

Extent: E+W+S

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) Section eleven of the said Act (which, as amended by subsequent enactments, provides that a 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 . . . 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.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

---
Source: https://www.legislation.gov.uk/ukpga/Geo6/8-9/18/section/2 (the official version)
Page: https://openlegislation.uk/local-authorities-loans-act-1945/section-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.