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Paragraph 9 F1

(1)

If securities issued under section 12 of this Act or Treasury bills F2(other than bills issued by virtue of paragraph 4 above) are acquired on issue under paragraph 3(1)(a) above the Treasury shall pay from the Debt Management Account into the National Loans Fund a sum of such amount as the Treasury may determine to be appropriate.

(2)

A payment under this paragraph—

(a)

may be made before, at or after issue;

(b)

may be made in instalments, any of which may be paid before, at or after issue.

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

F2

Words in Sch. 5A para. 9(1) inserted (27.7.1999) by 1999 c. 16, s. 134(4)

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