I1Part IV Assembly finance
Expenditure by Assembly etc.
88 Accounts relating to funds paid to Assembly for lending.
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.
Part IV partly in force: Ss. 80-103 in force at 1.12.1998 by S.I. 1998/2789, art. 2