Land Bond Act, 1978

Amendment of section 6 of Land Bond Act, 1934.

1.Section 6 (as amended by the Land Bond Act, 1975 ) of the Land Bond Act, 1934 , which provides for limitations on the creation and issue of land bonds, is hereby amended by the substitution for subsection (1) of the following subsection:

“(1) The total amount of land bonds created and issued under this Act shall not exceed eighty million pounds.”