Local Authorities Loans Act 1945 (c. 18)

2 Amendment of Public Works Loans Act 1875. 1875 c. 89. E+W+S

F1 (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2) Section eleven of the said Act (which, as amended by subsequent enactments, provides that [F2 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 F3 . . . 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.

F4 (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 S. 2(1) repealed by National Loans Act 1968 (c. 13), s. 24(2), Sch. 6 Pt. II

F2 Words in s. 2(2) substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 51(2) (with art. 9)

F3 Word repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. II

F4 S. 2(3) omitted (25.2.2020) by virtue of The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 51(3) (with art. 9)