Section 61 Provisions supplemental to s. 58.

England and Wales

(1)

The Treasury may issue to the Secretary of State out of the National Loans Fund such sums as are necessary to enable him to make advances F1to a development corporation under section 58(1) above

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

(2)

Any sums received by the Secretary of State by way of repayment of or interest on advances under section 58(1)F3... shall be paid into the National Loans Fund.

(3)

The Secretary of State shall lay before each House of Parliament a statement of any sums payable to him by way of repayment of or interest on any such advances and not duly received by him.

Annotations

Textual amendments

F1: Words in s. 61(1) substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 14(2); S.I. 2009/803, art. 3(1)
F2: Words repealed by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 14(1)(2), Sch. 3 para. 8(b), Sch. 4
F3: Words in s. 61(2) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 14(3), Sch. 16; S.I. 2009/803, arts. 3(1), 10