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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 38
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Public Works Loans Act 1875
38.—(1) Section 41 (regulations by Commissioners) is amended as follows.
(2) In the heading for “Commissioners” substitute “the Treasury”.
(3) For “Loan Commissioners” substitute “Treasury”.
(4) Omit the words “the quorum and proceedings of the Commissioners and”.
(5) For “loans under this Act” substitute “local loans”.
(6) For “such Commissioners” in both places occurring, substitute “the Treasury”.
(7) Omit the words from “Every such regulation shall be submitted” to “shall have effect”.
(8) For “Every such regulation”, in the second place occurring, substitute “Any power conferred by this Act to make regulations shall be exercisable by statutory instrument and any such statutory instrument”.
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