Water Act 1981
1981 CHAPTER 12
An Act to provide for increasing the borrowing powers of the British Waterways Board and to make further provision relating to water supply.
[15th April 1981]
1 Increased borrowing powers of British Waterways Board.
(1) For paragraph (iv) of subsection (3) of section 19 of the Transport Act 1962 there shall be substituted the following paragraph—
“ (iv) for the British Waterways Board £25 million or such greater sum not exceeding £35 million as the Secretary of State may by order made by statutory instrument specify. ”
(2) After the said subsection (3) there shall be inserted the following subsection—
“ (3A) An order made under paragraph (iv) of subsection (3) above shall be made by statutory instrument, and no such order shall be made unless a draft of the order has been approved by resolution of the House of Commons. ”
(3) Section 3 of the Transport (Financial Provisions) Act 1977 is hereby repealed.
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7 Short title and extent.
(1) This Act may be cited as the Water Act 1981.
(2) Section 1 of this Act extends to Scotland and Northern Ireland but otherwise this Act extends to England and Wales only.