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Iron and Steel Act 1982
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- UK Public General Acts
- 1982 c. 25
- PART II
- Section 17
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17Loans by the Secretary of State to the Corporation
(1)The Secretary of State may, with the approval of the Treasury, lend to the Corporation any sums which the Corporation have power to borrow under subsection (1) or (2) of section 16 above.
(2)Any loans which the Secretary of State makes under this section shall be repaid to him at such times and by such methods, and interest thereon shall be paid to him at such rates and at such times, as he may, with the approval of the Treasury, from time to time direct.
(3)The Treasury may issue out of the National Loans Fund to the Secretary of State such sums as are necessary to enable him to make loans under this section.
(4)Any sums received by the Secretary of State under subsection (2) above shall be paid into the National Loans Fund.
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