Section 3A Power of the Commissioners to borrow etcF1
(1)
The Treasury may—
(a)
arrange for loans to be issued to the Commissioners out of the National Loans Fund;
(b)
provide financial assistance (including by way of loan) to the Commissioners out of money provided by Parliament.
(2)
In the case of a loan issued under subsection (1)(a)—
(a)
the Treasury may determine the rate of interest on the loan (and, accordingly, section 5 of the National Loans Act 1968 applies), and
(b)
the Treasury must pay any sums received in respect of the loan into the National Loans Fund.
Annotations
Textual amendments
- F1
S. 3A inserted (11.5.2025) by Crown Estate Act 2025 (c. 7), ss. 1(4), 7(2)