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The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020
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- UK Statutory Instruments
- 2020 No. 176
- SCHEDULE 1
- Paragraph 15
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Public Works Loans Act 1875
15.—(1) Section 11 (term of years for repayment of loan) is amended as follows.
(2) In the heading for “loan” substitute “local loan”.
(3) For “loan granted under this Act” substitute “local loan”.
(4) For “a loan has been granted” substitute “a local loan has been granted”.
(5) For “Loan Commissioners”, in the first place occurring, substitute “Treasury”.
(6) Omit “on the recommendation of the Loan Commissioners,”.
(7) For “may be recommended by the Loan Commissioners” substitute “they see fit”.
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