# The Local Loans (Procedure) (Amendment) Regulations 1992

S.I. 1992/1565 · made 29 June 1992

These Regulations further amend the Local Loans (Procedure) Regulations 1968 by reducing the lower limit for the making of advances by the Public Works Loan Commissioners by automated direct credit transfer from £5,000 to £1,000.

Made under: 1875 c. 89

## Introductory text

LOCAL LOANS
Made 29th June 1992
Laid before Parliament 1st July 1992
Coming into force 22nd July 1992
The Public Works Loan Commissioners, in exercise of the powers conferred on them by section 41 of the Public Works Loans Act 1875 and of all other powers enabling them in that behalf, with the approval of the Treasury, hereby make the following Regulations:

## 1 Citation, commencement and interpretation

These Regulations may be cited as the Local Loans (Procedure) (Amendment) Regulations 1992 and shall come into force on 22nd July 1992.

## 2 Citation, commencement and interpretation

In these Regulations a reference to the principal Regulations is a reference to the Local Loans (Procedure) Regulations 1968.

## 3 Amendment of regulation 3 of the principal Regulations

In paragraphs (3) and (4) of regulation 3 of the principal Regulations “£1,000” shall be substituted for “£5,000.”

## Signature

I. H. Peattie
Secretary Public Works Loan Board
29th June 1992
Approved
Gregory Knight
Tim Boswell
Two of the Lords Commissioners of Her Majesty’s Treasury
29th June 1992

## Explanatory note

(This note is not part of the Regulations)
These Regulations further amend the Local Loans (Procedure) Regulations 1968 by reducing the lower limit for the making of advances by the Public Works Loan Commissioners by automated direct credit transfer from £5,000 to £1,000.

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Source: https://www.legislation.gov.uk/uksi/1992/1565 (the official version)
Page: https://openlegislation.uk/local-loans-procedure-amendment-regulations-1992
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.