OpenLegislation

Paragraph 25

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Subject to sub-paragraph (3), the Authority may, in the course of or in connection with the carrying out of any of their functions, accept gifts or loans of money or other property, on such terms (if any) as appear to the Authority to be appropriate.

(2)

The terms on which gifts or loans are accepted under sub-paragraph (1) may include terms providing for the commercial sponsorship of any activity of the Authority.

(3)

The Authority shall not borrow money except with the consent of the Secretary of State.

Notes on Schedule 3

Textual amendments

F1

Sch. 3 repealed (1.4.2007) by Police and Justice Act 2006 (c. 48), ss. 52, 53, Sch. 13 para. 6, Sch. 15 Pt. 1(A); S.I. 2007/709, art. 3(q)