Statutory Instruments
2024 No. 1170
GOVERNMENT TRADING FUNDS
The Meteorological Office Trading Fund (Maximum Borrowing) (Amendment) Order 2024
Made
14th November 2024
Laid before Parliament
18th November 2024
Coming into force
13th December 2024
The Secretary of State, with the concurrence of the Treasury, makes this Order in exercise of the powers conferred by sections 1, 2C(1) and 6(1) of the Government Trading Funds Act 1973(1).
Citation, commencement and extentI1
1.—(1) This Order may be cited as the Meteorological Office Trading Fund (Maximum Borrowing) (Amendment) Order 2024 and comes into force on 13th December 2024.
(2) This Order extends to England and Wales, Scotland and Northern Ireland.
Amendment of maximum borrowing limitI2
2.—(1) The Meteorological Office (Trading Fund( Order 19962) is amended as follows.
(2) In article 5(3) (maximum borrowing etc), for “£300,000,000” substitute “£400,000,000”.
Vallance
Minister of State
Department for Science, Innovation and Technology
14th November 2024
We concur
Jeff Smith
Anna Turley
Two of the Lords Commissioners of His Majesty's Treasury
14th November 2024
1973 c. 63; section 1 was substituted by section 1(1) of the Government Trading Act 1990 (c. 30). Section 2C(1) was inserted by paragraph 4(1) of Schedule 22 to the Finance Act 1993 (c. 34). Section 6(1) was substituted by section 2(3)(a) of the Government Trading Act 1990 (c. 30).
S.I. 1996/774, amended by S.I. 2011/2436, 2016/992, 2019/927 and 2023/424.
Article 5 was amended by article 2 of S.I. 2019/927.