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Finance Act 2020

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Changes over time for: Section 112

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There are currently no known outstanding effects for the Finance Act 2020, Section 112. Help about Changes to Legislation

112Limits on local loansU.K.

(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.

Commencement Information

I1S. 112 in force at 12.5.2022 by S.I. 2022/531, reg. 2

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