Statutory Corporations (Financial Provisions) Act 1974
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
SCHEDULE 2 Amendments Relating to Borrowing Powers
Section 4. Bodies Corporate | A ct | Amendment 1.(1)The British Railways Board. | The Transport Act 1962 (10 & 11 Eliz. 2. c. 46). | In section 19(2), after the word “Minister” there shall be inserted the words “or, with the consent of the Secretary of State and the approval of the Treasury, may borrow (otherwise than by way of temporary loan) in a currency other than sterling from any person, or in sterling from the Commission of the European Union or from the European Investmen t Bank”. (2)The British Transport Docks Board. | In section 21(1) the words “subsection (1) of” shall be omitted. (3)The British Waterways Board. (4)The National Bus Company. (5)The Scottish Transport Group. (6) . . . 2.(1)–(3) . . . | . . . | . . . 3. ... | ... | ... 4. . . . | . . . | . . . 5. . . . | . . . | . . . 6.(1) The British Overseas Airways Corporation. | The Air Corporations Act 1967 (1967 c. 33). | In section 7(2) (as substituted by paragraph 19 of Schedule 10 to the Civil Aviation Act 1971), after the word “Board” there shall be inserted the words “or, subject to those limits and with the consent of the Secretary of State and the approval of the Treasury, may borrow in sterling from the Commission of the European Union or from the European Investment Ba nk”. (2) The British European Airways Corporation. | In section 10(1), in paragraph (a) the word “temporary” shall be omitted ; and in paragraph (c), for the words “any such loan as is mentioned in the last preceding paragraph” there shall be substituted the words “a loan raised by the corporation”. 7. (1)–(2) . . . | . . . | . . . 8. . . . | . . . | . . . 9. The Covent Garden Market Authority. | The Covent Garden Market Act 1961 (9 & 10 Eliz. 2. c. 49). | In section 38, in subsection (2), the words “may borrow by the issue of stock or debentures” shall be omitted, and at the end of that subsection there shall be inserted the words “may borrow from any person by the issue of stock or debentures, or may borrow from any person any sum in a currency other than sterling, or may borrow any sum in sterling from the Commission of the European Union or the European Investmen t Bank”. The Covent Garden Market Act 1966 (1966 c. i). | In section 34, at the end of subsection there shall be inserted the words “or the repayment of the principal of, and the payment of interest on, any money borrowed by the Authority (otherwise than by the issue of stock or debentures) under subsection (1) or subsection (2) of section 38 of the Act of 1961”. 10. . . . | . . . | . . .
SCHEDULE 2 Amendments Relating to Borrowing Powers
Section 4. Bodies Corporate | A ct | Amendment 1.(1)The British Railways Board. | The Transport Act 1962 (10 & 11 Eliz. 2. c. 46). | In section 19(2), after the word “Minister” there shall be inserted the words “or, with the consent of the Secretary of State and the approval of the Treasury, may borrow (otherwise than by way of temporary loan) in a currency other than sterling from any person, or in sterling from the Commission of the European Union or from the European Investmen t Bank”. (2)The British Transport Docks Board. | In section 21(1) the words “subsection (1) of” shall be omitted. (3)The British Waterways Board. (4)The National Bus Company. (5)The Scottish Transport Group. (6) . . . 2.(1)–(3) . . . | . . . | . . . 3. ... | ... | ... 4. . . . | . . . | . . . 5. . . . | . . . | . . . 6.(1) The British Overseas Airways Corporation. | The Air Corporations Act 1967 (1967 c. 33). | In section 7(2) (as substituted by paragraph 19 of Schedule 10 to the Civil Aviation Act 1971), after the word “Board” there shall be inserted the words “or, subject to those limits and with the consent of the Secretary of State and the approval of the Treasury, may borrow in sterling from the Commission of the European Union or from the European Investment Ba nk”. (2) The British European Airways Corporation. | In section 10(1), in paragraph (a) the word “temporary” shall be omitted ; and in paragraph (c), for the words “any such loan as is mentioned in the last preceding paragraph” there shall be substituted the words “a loan raised by the corporation”. 7. (1)–(2) . . . | . . . | . . . 8. . . . | . . . | . . . 9. The Covent Garden Market Authority. | The Covent Garden Market Act 1961 (9 & 10 Eliz. 2. c. 49). | In section 38, in subsection (2), the words “may borrow by the issue of stock or debentures” shall be omitted, and at the end of that subsection there shall be inserted the words “may borrow from any person by the issue of stock or debentures, or may borrow from any person any sum in a currency other than sterling, or may borrow any sum in sterling from the Commission of the European Union or the European Investmen t Bank”. The Covent Garden Market Act 1966 (1966 c. i). | In section 34, at the end of subsection there shall be inserted the words “or the repayment of the principal of, and the payment of interest on, any money borrowed by the Authority (otherwise than by the issue of stock or debentures) under subsection (1) or subsection (2) of section 38 of the Act of 1961”. 10. . . . | . . . | . . .
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.