Part 1The Homes and Communities Agency
Chapter 3Financial provision
Borrowing powers of the HCA
I120Powers 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.