PART 4Miscellaneous and final
Local loans
112Limits on local loans
(1)
In section 4(1) of the National Loans Act 1968 (which sets a limit on local loans made in pursuance of section 3 of that Act)—
(a)
for “£85 billion” substitute “
£115 billion
”
, and
(b)
for “£95 billion” substitute “
£135 billion
”
.
(2)
The Local Loans (Increase of Limit) Order 2019 (SI 2019/1317) is revoked.
(3)
This section comes into force on such day as the Treasury may by regulations made by statutory instrument appoint.