Paragraph 3 F1

Northern Ireland

(1)

For the purpose of the exercise of any of their functions, . . . F2, the Agency may borrow money from the Secretary of State and may, with the consent of the Secretary of State given with the approval of the Treasury, borrow money, whether in sterling or otherwise, from any other person or body, whether in the United Kingdom or elsewhere.

(2)

The Agency may borrow money from any of their wholly-owned subsidiaries without obtaining the consent of the Secretary of State.

Annotations

Textual amendments

F1: Act except ss. 1, 20, 28, and paras. 1 to 6, 11 to 14, 16 and 17 of Sch. 1 repealed (E.W.S.) (1.4.1991) by 1990 c. 35, ss. 22(1), 23(4), 38(2), Sch. 3, Sch. 5 Pt. II; Enterprise and New Towns (Scotland) Act 1990 Transfer Dates Order dated 1.3.1991.
F2: Words repealed by Industry Act 1980 (c. 33, SIF 64), s. 22, Sch. 2