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Atomic Energy Authority Act 1995

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

Limit on borrowing by certain successor companies

13(1)The aggregate amount outstanding by way of principal in respect of—

(a)money borrowed by the Authority the liability to repay which is transferred in accordance with a transfer scheme to any of the companies to which this sub-paragraph applies,

(b)money borrowed by any of those companies,

(c)money borrowed for the repayment of which any of those companies is a guarantor or surety, and

(d)sums issued by the Treasury in fulfilment of guarantees under paragraph 12 above,

shall not exceed £100 million.

(2)The companies to which sub-paragraph (1) above applies are successor companies which are wholly owned by the Crown and any such company’s wholly-owned subsidiaries.

(3)In sub-paragraph (1)(a) above, the reference to money borrowed by the Authority includes a reference to the Authority’s commencing capital debt under section 1 of the [1986 c. 3.] Atomic Energy Authority Act 1986.

(4)Borrowing between a successor company and any of its wholly-owned subsidiaries, or between two such subsidiaries, shall not be taken into account for the purposes of sub-paragraph (1) above.

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