Point in time view as at 06/08/1999.
Scotland Act 1998, Paragraph 4 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
4(1)Subject to sub-paragraph (4), the corporation may do anything which appears to it to be necessary or expedient for the purpose of or in connection with the discharge of its functions.U.K.
(2)That includes, in particular—
(a)entering into contracts,
(b)charging for goods or services,
(c)investing sums not immediately required in relation to the discharge of its functions, and
(d)accepting gifts.
(3)The corporation may sell goods or provide services, and may make arrangements for the sale of goods or provision of services, to the public.
(4)The corporation may borrow sums in sterling by way of overdraft or otherwise for the purpose of meeting a temporary excess of expenditure over sums otherwise available to meet that expenditure.
(5)The corporation may borrow money only under sub-paragraph (4) and may borrow under that sub-paragraph only in accordance with the special or general approval of the Parliament.
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