Statutory Instrument 1992 No. 1565
The Local Loans (Procedure) (Amendment) Regulations 1992
(The document as of February, 2008)
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STATUTORY INSTRUMENTS
1992 No. 1565
LOCAL LOANS
The Local Loans (Procedure) (Amendment) Regulations 1992
| Laid before Parliament | 1st July 1992 |
| Coming into force | 22nd July 1992 |
The Public Works Loan Commissioners, in exercise of the powers conferred on them by section 41 of the Public Works Loans Act 1875[1] and of all other powers enabling them in that behalf, with the approval of the Treasury, hereby make the following Regulations:
Citation, commencement and interpretation
1. These Regulations may be cited as the Local Loans (Procedure) (Amendment) Regulations 1992 and shall come into force on 22nd July 1992.
2. In these Regulations a reference to the principal Regulations is a reference to the Local Loans (Procedure) Regulations 1968[2].
Amendment of regulation 3 of the principal Regulations
3. In paragraphs (3) and (4) of regulation 3 of the principal Regulations "£1,000" shall be substituted for "£5,000."
I. H. Peattie
Secretary Public Works Loan Board
29th June 1992
Approved
Gregory Knight
Tim Boswell
Two of the Lords Commissioners of Her Majesty's Treasury
29th June 1992
EXPLANATORY NOTE
(This note is not part of the Regulations)These Regulations further amend the Local Loans (Procedure) Regulations 1968 by reducing the lower limit for the making of advances by the Public Works Loan Commissioners by automated direct credit transfer from £5,000 to £1,000.
ISBN 0 11 024565 2
Notes:[1] 1875 c. 89; section 41 was amended by the National Loans Act 1968 (c. 13), section 24(2) and Schedule 6, Part II and by the Statute Law (Repeals) Act 1986 (c. 12), section 1(1) and Schedule 1, Part XII.
[2] S.I. 1968/458, amended by S.I. 1991/1139.
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