Article 5 Limitation of indebtedness

The aggregate of—

(a)

the total outstanding at any given time in respect of amounts issued to the fund under section 2B^f1 of the 1973 Act (other than as originating debt^f2), and

(b)

the total at that time constituting public dividend capital issued to the fund under section 2A(2A)^f3 of the 1973 Act,

shall not exceed the sum of £40,000,000.

Annotations

Footnotes

f1: Section 2B was inserted by section 1 of the Government Trading Act 1990 (c. 30).
f2: The definition of originating debt is contained in section 1(7) of the 1973 Act.
f3: Subsection (2A) was inserted by paragraph 3 of Schedule 22 to the Finance Act 1993 (c. 34).