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Enterprise and Regulatory Reform Act 2013
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Changes over time for: Section 4
No versions valid at: 25/04/2013
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- 25/06/2013- Amendment
- 25/04/2013
Point in time - 18/08/2017- Amendment
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Enterprise and Regulatory Reform Act 2013, Section 4 is up to date with all changes known to be in force on or before 07 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Yn ddilys o 25/06/2013
4Financial assistanceU.K.
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adran has no associated
Nodiadau Esboniadol
(1)Where an order has been made under section 2, the Secretary of State may, with the consent of the Treasury, give the UK Green Investment Bank financial assistance at any time when the Crown's shareholding in it is more than half of its issued share capital.
(2)The financial assistance may be given in any form that the Secretary of State, with the consent of the Treasury, considers appropriate.
(3)It may in particular be given by way of—
(a)grants,
(b)loans,
(c)guarantees,
(d)the purchase of share capital of the Bank, or
(e)the transfer of assets or rights to the Bank.
(4)The financial assistance may be provided subject to such terms and conditions as the Secretary of State, with the consent of the Treasury, considers appropriate (including, in the case of a grant or a loan, conditions requiring repayment or, in the case of a guarantee, conditions requiring reimbursement of any sums paid under it).
(5)The Treasury may arrange for money to be paid out of the National Loans Fund in order to enable loans to be made to the Bank under this section.
(6)Nothing in this section affects the exercise of any power of the Treasury or the Secretary of State to give financial assistance to the Bank otherwise than under this section at a time when the Crown's shareholding in the Bank is not more than half of its issued share capital.
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