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Northern Ireland (Miscellaneous Provisions) Act 2006

Northern Ireland (Miscellaneous Provisions) Act 2006 s 22

s 22 Loans to Consolidated Fund of Northern Ireland: increase of limits

(1) Amend section 1 of the Northern Ireland (Loans) Act 1975 (c. 83) as follows. (2) In subsection (2) (limit on loans to the Consolidated Fund of Northern Ireland), for “£2,000 million” substitute “ £3,000 million ” . (3) In subsection (5) (power to increase the limit by order)— (a) omit “, on not more than one occasion,”, (b) for “the limit in subsection (2)” substitute “ the limit for the time being specified in subsection (2) ” , and (c) for “£300 million” substitute “ £500 million ” .

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