Paragraph 12
The Corporation may borrow, by way of temporary loan or overdraft from a bank or otherwise, any sum which it may temporarily require for the purpose of defraying expenses pending the receipt of revenues receivable by the Corporation; but—
(a)
the total amount for the time being outstanding on foot of such borrowings shall not exceed such sum as the Ministry may with the approval of the Ministry of Finance specify in writing to the Corporation;
Para.(b) rep. by 1995 NI 16
Notes on the whole Order
Textual amendments
- F1
functions transf. by SR 1999/481
- F2
Order repealed (prosp.) by Public Authorities (Reform) Act (Northern Ireland) 2009 (c. 3), ss. 4(1)(a), 6, 7(1), Sch. 3 (with Sch. 1 Pt. 1 para. 4(3))