# The Scottish Enterprise (Aggregate Amount Outstanding) Order 1997, Note: Explanatory note


(This note is not part of the Order)
Section 25(2) of the Enterprise and New Towns (Scotland) Act 1990 imposes a limit on the aggregate amount which can be outstanding (otherwise than by way of interest) in respect of—
(a) the general external borrowing of Scottish Enterprise, its subsidiaries and its predecessor the Scottish Development Agency;
(b) sums issued by the Secretary of State or the Treasury in fulfilment of guarantees of the borrowings of Scottish Enterprise and the Scottish Development Agency and not repaid;
(c) sums other than loans paid by the Secretary of State to Scottish Enterprise other than for administrative expenses, and not repaid;
(d) loans guaranteed by Scottish Enterprise and by any of its subsidiaries.
This Order increases the limit from £2,000 million to £3,000 million.

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Source: https://www.legislation.gov.uk/uksi/1997/119/note (the official version)
Page: https://openlegislation.uk/scottish-enterprise-aggregate-amount-outstanding-order-1997/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.