PART 3 —FINANCIAL MATTERS

Borrowing powersI114

1

The Body may borrow in accordance with the following provisions of this article, but not otherwise.

2

The Body may borrow such sums in sterling as it may require for meeting its obligations and carrying out its functions.

3

The Body may borrow—

a

from the Welsh Ministers, or

b

from persons other than the Welsh Ministers, but only with the consent of the Welsh Ministers.

4

Consent under paragraph (3)(b) may be granted subject to conditions.