Law

The Local Loans (Increase of Limit) Order 2024

United Kingdom · regulation

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In force since 2024-11-22, as the publisher states.

Copy read on 2026-11-10. The page it was read from

Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

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Contents: 3 provisions
  1. Title and introductory text
  2. 1 Citation, commencement and extent
  3. 2 Limit for local loans

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3 provisions

Title and introductory text

2024 No. 1201 Local Loans The Local Loans (Increase of Limit) Order 2024 Made 21st November 2024 Coming into force 22nd November 2024 The Treasury make this Order in exercise of the powers conferred by section 4(1) of the National Loans Act 1968 (“the Act”). In accordance with section 4(2) of the Act, a draft of this Order has been laid before and approved by resolution of the House of Commons.

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1 Citation, commencement and extent

(1) This Order may be cited as the Local Loans (Increase of Limit) Order 2024 and comes into force on the day after the day on which it is made. (2) This Order extends to England and Wales, Scotland and Northern Ireland.

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2 Limit for local loans

The sum of £135 billion is specified for the purposes of section 4(1) of the National Loans Act 1968 (limit for local loans).

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