Scotland Act 1998

67 Lending by the Secretary of State.U.K.

This adran has no associated Nodiadau Esboniadol

(1)The Treasury may issue to the Secretary of State out of the National Loans Fund such sums as are required by him for making loans under section 66.

(2)The aggregate at any time outstanding in respect of the principal of sums borrowed under that section shall not exceed £500 million.

(3)The Secretary of State may by order made with the consent of the Treasury substitute for the amount (or substituted amount) specified in subsection (2) such increased amount as may be specified in the order.

(4)Sums received by the Secretary of State under section 66(3) shall be paid into the National Loans Fund.