http://www.legislation.gov.uk/ukpga/1990/35/section/26/1999-07-26Enterprise and New Towns (Scotland) Act 1990An Act to establish public bodies to be known as Scottish Enterprise and Highlands and Islands Enterprise and to make provision as to their functions; to dissolve the Scottish Development Agency and the Highlands and Islands Development Board; to make further provision as regards new towns in Scotland; and for connected purposes.1990-07-26texttext/xmlenStatute Law Database2017-06-291999-07-26 Part I Scottish Enterprise and Highlands and Islands Enterprise Financial provisions Finances of Highlands and Islands Enterprise.261The Secretary of State may . . .make such grants to Highlands and Islands Enterprise as appear to him to be required to enable the body to meet the expenses it incurs in the exercise of its functions and powers.2Any grant under subsection (1) above may be subject to such conditions as the Secretary of State thinks fit to impose.3For the purposes of the exercise of any of its functions or powers, Highlands and Islands Enterprise may, with the consent of the Secretary of State . . ., borrow money.4No security shall be constituted over land owned by Highlands and Islands Enterprise.Words in s. 26(1)(3) repealed (1.7.1999) by S.I. 1999/1820, arts. 1(2), 4, Sch. 2 Pt. I para. 100(6), Part IV
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<dc:description>An Act to establish public bodies to be known as Scottish Enterprise and Highlands and Islands Enterprise and to make provision as to their functions; to dissolve the Scottish Development Agency and the Highlands and Islands Development Board; to make further provision as regards new towns in Scotland; and for connected purposes.</dc:description>
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<Title> Scottish Enterprise and Highlands and Islands Enterprise</Title>
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<Title> Financial provisions</Title>
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<Title> Finances of Highlands and Islands Enterprise.</Title>
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The Secretary of State may
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. . .make such grants to Highlands and Islands Enterprise as appear to him to be required to enable the body to meet the expenses it incurs in the exercise of its functions and powers.
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<Text>Any grant under subsection (1) above may be subject to such conditions as the Secretary of State thinks fit to impose.</Text>
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For the purposes of the exercise of any of its functions or powers, Highlands and Islands Enterprise may, with the consent of the Secretary of State
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. . ., borrow money.
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<Text>No security shall be constituted over land owned by Highlands and Islands Enterprise.</Text>
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<Text>
Words in
<CitationSubRef id="c00445" URI="http://www.legislation.gov.uk/id/ukpga/1990/35/section/26/1/3" SectionRef="section-26-1-3">s. 26(1)(3)</CitationSubRef>
repealed (1.7.1999) by
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,
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,
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,
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, Part IV
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