#2026/258Genel Deniz Feneri Yetkileri (Borçlanma Limitinin Artırılması) Emri 2026
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The law allows general lighthouse authorities to borrow money for specific purposes, with a borrowing limit that was raised from £100 million to £133 million. This change affects the financial operations of lighthouse authorities, enabling them to secure more funds for their activities.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Borrowing limit increased from £100 million to £133 million
- New borrowing limit applies to general lighthouse authorities
- Requires necessary consents for borrowing
Obligations
What this law requires
General lighthouse authorities must not allow the aggregate amount of outstanding principal from borrowed sums to exceed £133 million
General lighthouse authorities must obtain necessary consents before borrowing money under section 215 of the Merchant Shipping Act 1995
General lighthouse authorities may only borrow money for purposes permitted under section 215 of the Merchant Shipping Act 1995