PART 6Other provisions
Local loans
300Increase in limit for local loans
1
In section 4(1) of the National Loans Act 1968 (local loans granted by the Public Works Loan Commissioners)—
a
for “£55,000 million” substitute “£85 billion”, and
b
for “£70,000 million” substitute “£95 billion”.
2
The Local Loans (Increase of Limit) Order 2008 (S.I. 2008/3004) is revoked.
3
This section comes into force on such day as the Treasury may by order made by statutory instrument appoint.