The Income Support (General) (Standard Interest Rate Amendment No. 3) Regulations (Northern Ireland) 1999
These Regulations amend Schedule 3 to the Income Support (General) Regulations (Northern Ireland) 1987 with respect to the standard rate of interest applicable to a loan which qualifies for income support. The rate is decreased from 7.75 per cent. to 7.39 per cent. (regulation 2). The Regulations also revoke, with a saving provision, the Income Support (General) (Standard Interest Rate Amendment No. 2) Regulations (Northern Ireland) 1999 which made a previous amendment to the standard rate of interest (regulation 3).