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National Loans Act 1968
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Changes over time for: Cross Heading: Lending
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- 15/11/1999- Amendment
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Point in time view as at 15/11/1999.
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There are currently no known outstanding effects for the National Loans Act 1968, Cross Heading: Lending.
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[F1 LendingU.K.
Textual Amendments
F1Sch. 5A inserted (15.11.1999 subject to arts. 5-7 of S.I. 1999/2908) by 1998 c. 36, s. 160, Sch. 26 para. 1(3); S.I. 1999/2908, arts. 1, 2
6(1)The Treasury may—U.K.
(a)lend sums from the Debt Management Account for the purpose of exercising their functions with regard to the Account;
(b)lend from the Debt Management Account sums not immediately needed for any other purpose.
(2)The power to lend under this paragraph includes power to lend to the National Loans Fund; and sums lent to the Fund and for the time being outstanding shall be a liability of the Fund to the Debt Management Account.
(3)Loans under this paragraph may be made at such times and on such terms as the Treasury think fit.]
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