2018 No. 1266
Constitutional Law
Devolution, Wales
Public Finance And Accountability
The Government of Wales Act 2006 (Variation of Borrowing Power) Order 2018
Made
Coming into force
The Secretary of State, with the consent of the Treasury, makes the following Order in exercise of the power conferred by section 121(4) of the Government of Wales Act 20061.
In accordance with section 121(5) of that Act2 a draft of this Order has been laid before and approved by a resolution of the House of Commons.
Citation and commencement1
This Order may be cited as the Government of Wales Act 2006 (Variation of Borrowing Power) Order 2018 and comes into force on 1st December 2018.
Amendment to section 121 of the Government of Wales Act 20062
In section 121(1A) of the Government of Wales Act 20063, after the word “loan”, insert “or by the issue of bonds (but not bonds transferable by delivery)”.
Alun CairnsSecretary of StateWales OfficeGwydyr HouseLondon
We consent
Paul MaynardRebecca HarrisTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE
(This note is not part of the Order)