37 Suspension of payment of principal and interest.U.K.
The Treasury mayF1... postpone for any time not exceeding five years the payment of the instalments of principal and interest, or either, due or to become due in respect of a [F2local loan] for the purpose of any work, and that upon such terms and conditions for the completion and improvement of such work, and the ultimate payment of such principal and interest, as the Treasury may F3... authorise.
Textual Amendments
F1Words in s. 37 omitted (25.2.2020) by virtue of The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 35(2) (with art. 9)
F2Words in s. 37 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 35(3) (with art. 9)
F3Words in s. 37 omitted (25.2.2020) by virtue of The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 35(4) (with art. 9)