Paragraph 10 F1

(1)

The Treasury may lend to the Debt Management Account from the National Loans Fund such sums as they think fit, at such times and on such terms as they think fit; and section 5 of this Act shall not apply in the case of such a loan.

(2)

The Treasury may repay from the Debt Management Account to the National Loans Fund sums lent under this paragraph.

(3)

Sums lent under this paragraph and for the time being outstanding shall be a liability of the Debt Management Account to the National Loans Fund.

Annotations

Textual amendments

F1: Sch. 5A inserted (15.11.1999 subject to arts. 5-7 of S.I. 1999/2908) by 1998 c. 36, s. 160, Sch. 26 para. 1(3); S.I. 1999/2908, arts. 1, 2

Notes on Schedule 5A

Modifications

C1: Sch. 5A modified in part (16.6.2014) by The Government Alternative Finance Arrangements Regulations 2014 (S.I. 2014/1327), regs. 1, 9