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Finance Act 2020
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- UK Public General Acts
- 2020 c. 14
- PART 4
- Local loans
- Section 112
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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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