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The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020
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- UK Statutory Instruments
- 2020 No. 176
- SCHEDULE 1
- Paragraph 61
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Public Works Loans Act 1965
61.—(1) Section 2 (new form of local loan and automatic charge for securing it) is amended as follows.
(2) In subsection (1) –
(a)for “Loan Commissioners” substitute “Treasury”; and
(b)for “lending money to a relevant authority under section 9 of that Act” substitute “making a local loan to a relevant authority under section 3 of the National Loans Act 1968”.
(3) In subsection (3) for “Loan Commissioners” substitute “Treasury”.
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