88 Accounts relating to funds paid to Assembly for lending.U.K.
(1)The Secretary of State shall for each financial year prepare accounts in such form and manner as the Treasury may direct of—
(a)relevant loan funds paid by him to the Assembly, and
(b)sums paid to him by the Assembly which are repayments of, or payments of interest on, loans made out of relevant loan funds.
(2)In subsection (1) “relevant loan funds” means sums which are—
(a)issued to the Secretary of State out of the National Loans Fund,
(b)paid by him to the Assembly, and
(c)lent by the Assembly in exercise of a power to lend money.
(3)The Secretary of State shall send accounts under subsection (1) relating to a financial year to the Comptroller and Auditor General no later than five months after the end of the financial year.
(4)The Comptroller and Auditor General shall—
(a)examine, certify and report on accounts sent to him under subsection (3), and
(b)lay copies of the accounts, together with his report, before each House of Parliament.