The Ordnance Survey Trading Fund (Maximum Borrowing) Order 2006

Made24th October 2006

Laid before Parliament1st November 2006

Coming into force15th December 2006

The Secretary of State for Communities and Local Government makes this Order, with the concurrence of the Treasury, in exercise of the powers conferred by sections 1 and 2C of the Government Trading Funds Act 1973 1.

Citation and commencement1.

This Order may be cited as the Ordnance Survey Trading Fund (Maximum Borrowing) Order 2006 and shall come into force on 15th December 2006.

Amendment of maximum amount2.

In article 5 of the Ordnance Survey Trading Fund Order 1999 2 “£40,000,000” shall be substituted for “£30,000,000”.

Signed by authority of the Secretary of State

Angela Smith

Parliamentary Under Secretary of State

Department for Communities and Local Government

Date 23rd October 2006

We concur,

Dave Watts

Kevin Brennan

Two of the Lords Commissioners of Her Majesty’s Treasury

Date 24th October 2006

EXPLANATORY NOTE

(This note is not part of the Order)

The Ordnance Survey Trading Fund was established by the Ordnance Survey Trading Fund Order 1999 (S.I. 1999/965) on 1st April 1999.

This Order increases the maximum which that Fund may borrow from £30,000,000 to £40,000,000.

A Regulatory Impact Assessment has not been produced for this instrument as it has no impact on the costs of business.