The Meteorological Office Trading Fund (Maximum Borrowing) Order 2019

Document Number:2019 No. 927
Coming into force:Coming into force on the 05/06/2019
 
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Statutory Instruments

Government Trading Funds

Made

12 th May 2019

Laid before Parliament

15 th May 2019

Coming into force

5 th June 2019

The Secretary of State, with the concurrence of the Treasury, makes the following Order, in exercise of the powers conferred by sections 1 and 2 C of the Government Trading Funds Act 1973(1).

Citation and commencement

  1. This Order may be cited as the Meteorological Office Trading Fund (Maximum Borrowing) Order 2019 and come into force on 5 th June 2019.

    Amendment of maximum borrowing limit

  2. In article 5 of the Meteorological Office Trading Fund Order 1996(2) for “£200 ,000 ,000”, substitute “£300 ,000 ,000”.

    Chris Skidmore

    Parliamentary Under Secretary of State

    Department for Business, Energy and Industrial Strategy

    12 th May 2019

    We concur

    Mike Freer

    Paul Maynard

    Two of the Lords Commissioners of Her Majesty’s Treasury

    9 th May 2019

    EXPLANATORY NOTE

    (This note is not part of the Order)

    The Meteorological Office Trading Fund was established by the Meteorological Office Trading Fund Order 1996 on 1 st April 1996.

    This Order increases the maximum that the Meteorological Office Trading Fund may borrow from £200 ,000 ,000 to £300...

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