The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020

Public Works Loans Act 1875

40.—(1) Section 46 (receipt for money payable on account of loan, etc) is amended as follows.

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

(3) For “loan granted under this Act” substitute “local loan”.

(4) For “Loan Commissioners or their secretary,” substitute “Treasury or the Public Works Loans Secretary, in respect of local loans,”.