2.—(1) Section 2 of the Public Works Loans Act 1965(1) and section 3(11) of, and Schedule 4 to, the National Loans Act 1968(2) shall, in the period prior to 1st April 1996, apply to new local authorities as they apply to local authorities in Scotland.
(2) In paragraph (1) above, “new local authorities” means the councils in respect of which an ordinary election of councillors took place on 6th April 1995 in terms of section 5(2) of the Local Government etc. (Scotland) Act 1994.
1965 c. 63; section 2 was relevantly amended by the Abolition of Domestic Rates Etc. (Scotland) Act 1987 (c. 47), Schedule 1, paragraph 22.
1968 c. 13; section 3(11) was amended by the Finance Act 1984 (c. 43), section 125(2)(b); Schedule 4 was relevantly amended by the Abolition of Domestic Rates Etc. (Scotland) Act 1987, Schedule 1, paragraph 25.