In section 2 of the Public Works Loans Act 1965 (new form of local loan and automatic charge for securing it), in subsection (1)(a), for sub-paragraph (i) there shall be substituted the following sub-paragraphs—

“(i)

a billing authority or a precepting authority, as defined in section 69 of the Local Government Finance Act 1992;

(ia)

a combined police authority or a combined fire authority, as defined in section 144 of the Local Government Finance Act 1988;”.