The Natural Resources Body for Wales (Establishment) Order 2012

Borrowing powersE+W

14.—(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.

Commencement Information

I1Art. 14 in force at 19.7.2012, see art. 1(2)