Scottish Crown Estate Act 2019 (asp 1)

Part 3 S Management of Scottish Crown Estate assets

Financial matters S

32 Grants and loans to managers S

(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.

Commencement Information

I1 S. 32 in force at 27.9.2021 by S.S.I. 2021/308, reg. 2, sch.