139 Local loans.E+W+S
(1)In Schedule 4 to the M1National Loans Act 1968 (which specifies the bodies to which local loans may be made) in paragraph 1, in paragraph (a) of the definition of local authority, the word and immediately preceding sub-paragraph (iii) shall be omitted and after that sub-paragraph there shall be added “; and
(iv)a functional body, within the meaning of the Greater London Authority Act 1999”.
(2)In section 2 of the M2Public Works Loans Act 1965 (new form of local loan and automatic charge for securing it) in subsection (1) (which includes a definition of relevant authority) in paragraph (a), the word and immediately preceding sub-paragraph (iii) shall be omitted and after that sub-paragraph there shall be added “; and
(iv)a functional body, within the meaning of the Greater London Authority Act 1999”.