Introductory Title and commencement 1 1 This Order may be cited as the Financial Provisions (Northern Ireland) Order 1991. 2 This Order shall come into operation on such day or days as the Head of the Department of Finance and Personnel may by order appoint . Interpretation 2 The Interpretation Act (Northern Ireland) 1954 shall apply to Article 1 and the following provisions of this Order as it applies to a Measure of the Northern Ireland Assembly. Water and sewerage services Allocation of part of regional rate to water and sewerage services 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Government loans Increase of limit for government loans 4 In Article 8(2) of the Financial Provisions (Northern Ireland) Order 1983 (limit on outstanding government loans), for “£700 million” there shall be substituted “ £2,400 million ” . Rates of interest on government loans to district councils, etc. 5 In Schedule 2 to the Financial Provisions (Northern Ireland) Order 1983 , (provisions deemed to be included in agreements for government loans to district councils, etc.), in paragraph (b) (rates of interest)— a in sub‐paragraph (i) (single advance), for the words “when the loan is advanced” there shall be substituted the words “ when the application for the advance is received by the Department ” ; b in sub‐paragraph (ii) (several advances), for the words “when that advance is issued” there shall be substituted the words “ when the application for that advance is received by the Department ” . Loans guarantees and borrowing regulation Repeal of Loans Guarantee and Borrowing Regulation Act (Northern Ireland) 1946 6 The Loans Guarantee and Borrowing Regulation Act (Northern Ireland) 1946 shall cease to have effect. Miscellaneous Financial limit above which approval of Department of Finance and Personnel for emergency works on watercourses required 7 1 In Article 8 of the Drainage (Northern Ireland) Order 1973 (emergency works: watercourses), in paragraph (1) the words “with the approval of the Ministry of Finance” shall cease to have effect. 2 After that paragraph there shall be inserted the following paragraph— 1A The Department shall not incur expenditure exceeding £25,000 in relation to any watercourse or the banks thereof under paragraph (1) without the approval of the Department of Finance and Personnel. . Alteration of basis for finances of Sports Council 8 1 In the Recreation and Youth Service (Northern Ireland) Order 1986 , for Article 5 (which, among other things, requires the Sports Council to submit estimates of its expenditure to the Department of Education) there shall be substituted the following Article— Grants 5 1 The Department may, subject to such conditions as the Department thinks fit, make grants towards the expenses of the Sports Council. 2 The Sports Council shall provide the Department with such information as the Department may require for the purposes of paragraph (1). . 2 In Article 6 of that Order (borrowing powers)— a in paragraph (1), for the words “net approved expenditure incurred by it” there shall be substituted the words “ the expenditure of the Sports Council ” ; b paragraphs (2) and (3) shall cease to have effect. Article 9—Amendments and repeals