Part 1The Homes and Communities Agency
Chapter 3Financial provision
Borrowing powers of the HCA
20Powers to borrow
(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.