Housing and Regeneration Act 2008 (c. 17)

Part 1 E+W The Homes and Communities Agency

Chapter 3 E+W Financial provision

Borrowing powers of the HCA E+W

20 Powers to borrow E+W

(1) The HCA may, for the purpose of what it considers to be the short-term management of its finances, borrow from any person by way of overdraft or otherwise.

(2) Subject to this, the HCA may only borrow from the Secretary of State or the European Investment Bank.

(3) The HCA may not borrow in currencies other than sterling.

Commencement Information

I1 S. 20 in force at 1.12.2008 by S.I. 2008/3068, art. 2(1)(k) (with arts. 6-13)