Point in time view as at 01/02/1991.
Local Government, Planning and Land Act 1980, Paragraph 8 is up to date with all changes known to be in force on or before 04 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.
[F18(1)The aggregate amount of the sums mentioned in sub-paragraph (2) below shall not exceed £30 million or such greater sum not exceeding £100 million as the Secretary of State may by order made by statutory instrument specify.E+W+S
(2)The sums are—
(a)sums borrowed by all corporations under paragraph 4 above minus repayments made in respect of those sums; and
(b)sums issued by the Treasury in fulfilment of guarantees under paragraph 5 above of debts of all corporations.
(3)No order under sub-paragraph (1) above shall have effect until approved by a resolution of the House of Commons.]
Textual Amendments
F1Para. 8 substituted by Urban Development Corporations (Financial Limits) Act 1987 (c. 57, SIF 123:1, 2), s. 1(1)
Modifications etc. (not altering text)
C1Sch. 31 para. 8: transfer of certain functions (1.7.1999) by S.I. 1999/672, art. 5, Sch. 2
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