SCHEDULES

SCHEDULE 46Government borrowing: alternative finance arrangements

Property

8

1

Regulations may make provision about property to be employed in raising money through alternative finance arrangements.

2

That includes provision—

a

about selection of property,

b

specifying, or about the specification of, property selected,

c

about dealings with property, and

d

about the holding of property.

3

Regulations under sub-paragraph (2)(c) or (d) may, in particular, make provision about the terms on which property is to be dealt with or held (including terms about payments).

4

That includes provision specifying, or about the specification of, terms or conditions.

5

In this paragraph “property” includes land.

6

In this paragraph a reference to a dealing with property includes—

a

a transfer of property, and

b

the creation or termination of a right, interest or estate in property (including a legal or equitable right, interest or estate).