http://www.legislation.gov.uk/uksi/2020/176/schedule/1/paragraph/61/madeThe Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020enKing's Printer of Acts of Parliament2020-02-25PUBLIC BODIESThis Order abolishes the office of the Public Works Loan Commissioners (the “Commissioners”) who together were known as the Public Works Loans Board.SCHEDULE 1Consequential provisions – primary legislation61Public Works Loans Act 19651

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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<num>61</num>
<heading>Public Works Loans Act 1965</heading>
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<p>Section 2 (new form of local loan and automatic charge for securing it) is amended as follows.</p>
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<p>In subsection (1) –</p>
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<p>for “Loan Commissioners” substitute “Treasury”; and</p>
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<p>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”.</p>
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