# The Public Works Loans (Fees) (Amendment) Regulations 1992, Regulation 3: Amendment of regulation 3 of the principal Regulations


The principal Regulations shall be amended:
(a) by the insertion of the words “save where paragraph (2) or (2A) below applies,” at the beginning of regulation 3(1)(a);
(b) by the substitution in regulation 3(1)(a)(i) of the word “or” for the word “and”;
(c) by the insertion of the following new paragraph after regulation 3(2)—
“(2A) In respect of any advance made by the Commissioners—
(a) which is secured solely on the revenues of the borrower,
(b) on which a variable rate of interest is payable, and
(c) which the Commissioners require to be taken on the premature repayment of a loan on which a fixed rate of interest is payable,
the fee payable shall be £70.”

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Source: https://www.legislation.gov.uk/uksi/1992/1566/regulation/3 (the official version)
Page: https://openlegislation.uk/public-works-loans-fees-amendment-regulations-1992/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.