C1C2 Part VIII Lighthouses
Annotations:
Modifications etc. (not altering text)
C2
Pt. 8 modified (20.7.2006) by The General Lighthouse Authorities (Beacons: Automatic Identification System) Order 2006 (S.I. 2006/1977), arts. 1, 2
Financial and administrative provisions
216 Limit on borrowings under section 215.
1
The aggregate amount outstanding in respect of the principal of any sums borrowed under section 215 shall not at any time exceed £100 million.
2
The Secretary of State may, by order, with the approval of the Treasury, increase or further increase that limit, but not by more than £33 million at a time.
3
An order shall not be made under subsection (2) above unless a draft of the order has been laid before and approved by a resolution of the House of Commons.
Pt. VIII (ss. 193-223) amended (12.1.1998) by S.I. 1997/3016, art. 2