C2C1 PART II REORGANISATION OF THE INDUSTRY
Pt. II (ss. 65-95) extended (15.12.2001) by S.I. 2001/4011, art. 12(1)(a)
Finances of successor companies
81 Financial limits on borrowing etc.
1
The aggregate of any amounts outstanding by way of principal in respect of—
a
loans made by the Secretary of State under section 78 above to successor companies in England and Wales; and
b
sums issued under section 79 above in fulfilment of guarantees given in respect of loans made to such companies,
shall not exceed £2,000 million.
2
The aggregate of any amounts outstanding by way of principal in respect of—
a
relevant loans within the meaning of section 80 above; and
b
sums issued under section 79 above in fulfilment of guarantees given in respect of loans made to successor companies in Scotland,
shall not exceed £3,000 million.
3
In this section “successor company in England and Wales” means a company nominated for the purposes of section 65(1) or 66(1) or (2) above.
Pt. II: power to repeal conferred (E.W.S.) (8.5.2003) by Electricity (Miscellaneous Provisions) Act 2003 (c. 9), s. 2(2)