Part 3Management of Scottish Crown Estate assets

Financial matters

I132Grants and loans to managers

1

The Scottish Ministers may make grants and loans to a manager in connection with the exercise of the manager's functions.

2

The manager may not otherwise borrow money in connection with the manager's functions.

3

A grant or loan under subsection (1) is subject to such conditions (including conditions as to repayment) as the Scottish Ministers may determine.

4

The Scottish Ministers may, from time to time after the grant or loan is made, vary the conditions on which it was made.

5

This section does not apply where the manager is—

a

Crown Estate Scotland (but see article 17 of the Crown Estate Scotland Order),

b

the Scottish Ministers.