The Driving Standards Agency Trading Fund (Maximum Borrowing etc.) Order 2009
| Jurisdiction | UK Non-devolved |
| Citation | SI 2009/469 |
UNITED KINGDOM STATUTORY INSTRUMENT
2009 No. 469
Government Trading Funds
The Driving Standards Agency Trading Fund (Maximum Borrowing etc.) Order 2009
Made 2nd March 2009
Laid before Parliament 6th March 2009
Coming into force 30th March 2009
The Secretary of State for Transport makes this Order, with the concurrence of the Treasury, in exercise of the powers conferred by sections 1 and 2C of the Government Trading Funds Act 19731.
Citation and commencement
1. This Order may be cited as the Driving Standards Agency Trading Fund (Maximum Borrowing etc.) Order 2009 and shall come into force on the 30th March 2009.
Amendment of Order
2. In article 6 of the Driving Standards Agency Trading Fund Order 19972(maximum borrowing etc) for “£70,000,000” there shall be substituted “£110,000,000”.
Jim Fitzpatrick
Parliamentary Under Secretary of State,
Department for Transport
26th February 2009
Frank Roy
Tony Cunningham
Two of the Lords Commissioners
of Her Majesty’s Treasury
2nd March 2009
EXPLANATORY NOTE
(This note is not part of the Order)
The Driving Standards Agency Trading Fund (“the fund”) was established by the Driving Standards Agency Trading Fund Order 1997 on 1st April 1997.
The Order increases from £70 million to £110 million the maximum of the aggregate of the amount able to be issued to the fund by way of loan and as public dividend capital.
An Impact Assessment has not been produced for this instrument as it has no impact on the costs of the private or voluntary sectors.
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