- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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Electricity Act 1989
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81Financial limits on borrowings etc
(1)The aggregate of any amounts outstanding by way of principal in respect of—
(a)loans made by the Secretary of State under section 78 above to successor companies in England and Wales; and
(b)sums issues under section 79 above in fulfilment of guarantees given in respect of loans made to such companies.
shall not exceed £2,000 million.
(2)The aggregate of any amounts outstanding by way of principal in respect of—
(a)relevant loans within the meaning of section 80 above; and
(b)sums issued under section 79 above in fulfilment of guarantees given in respect of loans made to successor companies in Scotland,
shall not exceed £3,000 million.
(3)In this section “successor company in England and Wales” means a company nominated for the purposes of section 65(1) or 66(1) or (2) above.
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