The Queen Elizabeth II Conference Centre Trading Fund (Variation) Order 2021
S.I. 2021/666 · Made 4 June 2021
Government Trading Funds
Made 4th June 2021
Laid before Parliament 8th June 2021
Coming into force 29th June 2021
The Secretary of State for Housing, Communities and Local Government has determined that article 5 of the 1997 Order should be varied so that the maximum borrowing amount specified therein is increased.
The Secretary of State in exercise of powers conferred by sections 1(1), 2C(1) and 6(1) of the 1973 Act, and with the concurrence of the Treasury, makes the following Order.
Annotations to the whole text
Footnotes
- f1
-
1973 c. 63. Sections 1 and 2 were substituted, and section 6 was amended, by the Government Trading Act 1990 (c. 30). Section 2 was amended further by the Finance Act 1991 (c. 31) and the Finance Act 1993 (c. 34).
- f2
-
S.I. 1997/933. Article 2(2) of, and Schedule 1 to, that Order were amended by the Queen Elizabeth II Conference Centre Trading Fund (Variation) Order 2002 (S.I. 2002/1951). The reference to the Office of the Deputy Prime Minister in article 2(2) of the Order was modified under machinery of Government changes (so it is now a reference to the Ministry of Housing, Communities and Local Government) by article 8(7) of S.I. 2006/1926 and article 10(3) and (5) of S.I. 2018/378.
Contents
1Citation and commencement
This Order may be cited as the Queen Elizabeth II Conference Centre Trading Fund (Variation) Order 2021 and comes into force on 29th June 2021.
2Variation
The Queen Elizabeth II Conference Centre Trading Fund Order 1997 is varied in accordance with paragraph (2).
In article 5 of the 1997 Order, for “£2,000,000” substitute “£12,000,000”.
Signature
Signed by authority of the Secretary of State for Housing, Communities and Local Government.
Eddie Hughes
Parliamentary Under Secretary of State
Ministry of Housing, Communities and Local Government
2nd June 2021
We concur
James Morris
David Rutley
Two of the Lords Commissioners of Her Majesty’s Treasury
4th June 2021
Explanatory note
(This note is not part of the Order)
This Order increases the maximum amount of money that can be loaned to The Queen Elizabeth II Conference Centre Trading Fund in accordance with the Government Trading Funds Act 1973 (c. 63) from £2,000,000 to £12,000,000.
A full impact assessment has not been published for this instrument as it has no impact on business, charities, voluntary bodies or the public sector.