# Air Travel Reserve Fund Act 1975 (repealed 8.11.1995), Section 5: Loans to the Agency by the Secretary of State.

Extent: E+W+S+N.I.

(1) Subject to subsection (2) below, the Secretary of State may, out of money provided by Parliament, make loans to the Agency of such amount and on such terms as the Secretary of State may, with the approval of the Treasury, determine.
(2) Loans made under this section shall not in the aggregate exceed £15 million, and no loan shall be made under this section after 30th September 1977.
(3) Any loans made by the Secretary of State under this section shall be repaid by the Agency out of the Fund.
(4) Any sums received by the Secretary of State in repayment of any loan made under this section shall be paid into the Consolidated Fund.

---
Source: https://www.legislation.gov.uk/ukpga/1975/36/section/5 (the official version)
Page: https://openlegislation.uk/air-travel-reserve-fund-act-1975-repealed-8111995/section-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.