# Fisheries Act 1981, Section 7: Government loans.


(1) The Ministers may lend to the Authority, on such terms as the Treasury may approve, any sums required to be borrowed by the Authority for a purpose approved by the Ministers and the Treasury.
(2) Subject to subsection (3) below, the amount outstanding at any time of the sums lent under this section shall not exceed £30 million.
(3) The Ministers may by an order made with the approval of the Treasury increase or further increase the maximum amount specified in subsection (2) above but not by more than £10 million at a time.
(4) An order under subsection (3) above shall not have effect unless approved by a resolution of the House of Commons.
(5) This section shall not be construed as authorising borrowing by the Authority in excess of the limit imposed by section 6 above.

---
Source: https://www.legislation.gov.uk/ukpga/1981/29/section/7 (the official version)
Page: https://openlegislation.uk/fisheries-act-1981/section-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.