The Merchant Shipping (General Lighthouse Authorities) (Increase of Borrowing Limit) Order 2024
Under section 215 of the Merchant Shipping Act 1995, general lighthouse authorities may borrow money for certain purposes and subject to obtaining the necessary consents. Under section 216(1) the aggregate amount that may be outstanding in respect of the principal of any sums borrowed is limited to £100 million. This Order increases that limit by £33 million with effect from 31 December 2024, in accordance with section 216(2) of that Act.
Lifecycle
Department
Made
03 Dec 2024
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In force
04 Dec 2024
Enabling power
the Act The Secretary of State makes this Order in exercise of the powers conferred by section 216(2) of the Merchant Shipping Act 1995 (“”), and with the approval of the Treasury. In accordance with section 216(3) of the Act, a draft of this Order has been laid before and approved by a resolution of the House of Commons.
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