300Increase in limit for local loans
This section has no associated Explanatory Notes
(1)In section 4(1) of the National Loans Act 1968 (local loans granted by the Public Works Loan Commissioners)—
(a)for “£55,000 million” substitute “£85 billion”, and
(b)for “£70,000 million” substitute “£95 billion”.
(2)The Local Loans (Increase of Limit) Order 2008 (S.I. 2008/3004) is revoked.
(3)This section comes into force on such day as the Treasury may by order made by statutory instrument appoint.