Paragraph 6 F1

(1)

The Treasury may—

(a)

lend sums from the Debt Management Account for the purpose of exercising their functions with regard to the Account;

(b)

lend from the Debt Management Account sums not immediately needed for any other purpose.

(2)

The power to lend under this paragraph includes power to lend to the National Loans Fund; and sums lent to the Fund and for the time being outstanding shall be a liability of the Fund to the Debt Management Account.

(3)

Loans under this paragraph may be made at such times and on such terms as the Treasury think fit.

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