The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 No. 176

SCHEDULE 1 Consequential provisions – primary legislation

Public Works Loans Act 1875

16.—(1) Section 12 (security for loans) is amended as follows.

(2) In the heading for “loans” substitute “local loans”.

(3) For “Loan Commissioners” substitute “Treasury” in each place occurring.

(4) For “a loan” substitute “a local loan”.