The Merchant Shipping (General Lighthouse Authorities) (Increase of Borrowing Limit) Order 2026
Under section 215 of the Merchant Shipping Act 1995 (“the 1995 Act”), general lighthouse authorities may borrow money for certain purposes and subject to obtaining the necessary consents. Under section 216(1) of the 1995 Act, the aggregate amount that may be outstanding in respect of the principal of any sums borrowed is limited to £100 million. This limit was increased to £133 million on the 31st December 2024 by the Merchant Shipping (General Lighthouse Authorities) (Increase of Borrowing Limit) Order 2024 (S.I. 2024/1274).
Lifecycle
Department
Made
11 Mar 2026
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In force
12 Mar 2026
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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