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The Financial Provisions(Northern Ireland) Order 1991
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- Northern Ireland Orders in Council
- 1991 No. 761 (N.I. 6)
- Government loans
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Government loans
Increase of limit for government loans
4. In Article 8(2) of the Financial Provisions (Northern Ireland) Order 1983(1) (limit on outstanding government loans), for “£700 million” there shall be substituted “£2,400 million”.
Rates of interest on government loans to district councils, etc.
5. In Schedule 2 to the Financial Provisions (Northern Ireland) Order 1983(2), (provisions deemed to be included in agreements for government loans to district councils, etc.), in paragraph (b) (rates of interest)—
(a)in sub-paragraph (i) (single advance), for the words “when the loan is advanced” there shall be substituted the words “when the application for the advance is received by the Department”;
(b)in sub-paragraph (ii) (several advances), for the words “when that advance is issued” there shall be substituted the words “when the application for that advance is received by the Department”.
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