SCHEDULE 1Consequential provisions – primary legislation

Housing Associations Act 198572

1

Section 68 (loans by Public Works Commissioners) is amended as follows.

2

For the heading “Loans by Public Works Commissioners” substitute “Local loans made by the Treasury”.

3

For “Public Works Loan Commissioners” substitute “Treasury” in each place occurring.

4

After subsection (1) insert–

1A

Any loan made under subsection (1) is a local loan for the purposes of section 3 of the National Loans Act 1968 (see Schedule 4 to that Act).