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Leasehold Reform, Housing and Urban Development Act 1993

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Changes over time for: Cross Heading: Financial limits

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Version Superseded: 01/04/2009

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Point in time view as at 01/04/2008.

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Leasehold Reform, Housing and Urban Development Act 1993, Cross Heading: Financial limits is up to date with all changes known to be in force on or before 18 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Financial limitsU.K.

7(1)The aggregate amount at any time of borrowed sums shall not exceed £200 million or such greater sum not exceeding £300 million as the Secretary of State may by order made by statutory instrument specify.U.K.

(2)In sub-paragraph (1) “borrowed sums” means sums borrowed by the Agency under paragraph 4 minus repayments made or treated as made in respect of those sums.

(3)No order shall be made under sub-paragraph (1) unless a draft of the order has been laid before and approved by resolution of the House of Commons.

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