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

Article 8

SCHEDULE 2 Consequential provisions – secondary legislation

Local Loans (Procedure) Regulations 1968

1.  The Local Loans (Procedure) Regulations 1968(1) are amended as follows.

2.  Omit regulation 1 (meetings of the Commissioners).

3.—(1) Regulation 2 (application for loans) is amended as follows.

(2) Insert “local” before the word “loans”.

(3) For “Commissioners” substitute “Treasury” in both places occurring.

4.—(1) Regulation 3 (loans) is amended as follows.

(2) Omit paragraph (1).

(3) Omit paragraph (2).

(4) Paragraph (3) is amended as follows.

(a) insert “ ,in respect of local loans,” after the words “make advances”.

(b) for “Commissioners” substitute “Treasury” in both places occurring.

(5) In paragraph (4) insert “ ,in respect of a local loan,” after the words “No advance”.

5.—(1) Regulation 5 (receipts and discharges) is amended as follows.

(2) For “Commissioners” in the first place occurring substitute “Treasury”.

(3) Insert “local” in before the word “loan”.

(4) For “Secretary to the Commissioners” substitute “Public Works Loans Secretary”.

6.—(1) Regulation 6 (powers of Secretary) is amended as follows.

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

(3) Insert “relating to local loans” before the words “shall, if purporting”.

(4) Insert “such” before the words “documents may be proved”.

(5) For “their Secretary” substitute “the Public Works Loans Secretary”.

(6) For “the Secretary” substitute “the Public Works Loans Secretary” in each place it occurs.

7.  For regulation 7 (powers of other officers) substitute—

“7    Powers of assistant secretaries to the Public Works Loans Secretary

Any assistant secretary to the Public Works Loans Secretary (see section 6 of the Public Works Loans Act 1875), to the extent that they are authorised under section 4(1) of the Public Loans Act 1944(2), shall be competent to perform any act under these Regulations which may be performed by the Public Works Loans Secretary.”.

Public Works Loans (Fees) Regulations 1991

8.  The Public Works Loans (Fees) Regulations 1991(3) are amended as follows.

9.—(1) Regulation 3 (fees payable for advances) is amended as follows.

(2) In paragraph (1) for “loan” substitute “local loan (which for the purposes of this regulation has the meaning given in section 3(12) of the National Loans Act 1968)” in the first place occurring.

(3) In paragraph (2) for “loan” substitute “local loan”.

(4) In paragraph (2A) for “loan” substitute “local loan”.

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

(1)

S.I. 1968/458.

(2)

1944 c.16.

(3)

S.I. 1991/1539.