Draft Order laid before the House of Commons under section 19(3A) of the Transport Act 1962, for approval by resolution of the House of Commons.

2001 No.

TRANSPORT

The British Waterways Board (Limit for Borrowing) Order 2001

Made

Coming into force

The Secretary of State, in exercise of his powers under section 19(3)(iv) of the Transport Act 19621, hereby makes the following Order, a draft of which has, in accordance with section 19(3A) of that Act, been approved by resolution of the House of Commons:

Citation and commencement1

This Order may be cited as the British Waterways Board (Limit for Borrowing) Order 2001 and shall come into force on the day following the day on which it is made.

Specified limit of borrowing2

£35 million is hereby specified for the purposes of section 19(3)(iv) of the Transport Act 1962.

Revocation3

The British Waterways Board (Limit for Borrowing) Order 19832 is revoked.

Signed by authority of the Secretary of State

Parliamentary Under-Secretary of State,Department of the Environment, Transport and the Regions

(This note is not part of the Order)

This Order increases the borrowing limit of the British Waterways Board from £30 million to £35 million, and revokes an earlier order fixing that limit.