# Statutory Corporations (Financial Provisions) Act 1975, Section 5: Miscellaneous provisions as to borrowing in public sector.

Extent: E+W+S+N.I.

(1) In the case of any of the bodies corporate specified in Schedule 2 to this Act, its power to borrow money in a currency other than sterling shall not be subject to any statutory restriction as to the persons from whom, or the terms on which, it may borrow; but the power shall be exercisable only with the consent of the Secretary of State and that consent shall require the Treasury’s approval.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/1975/55/section/5 (the official version)
Page: https://openlegislation.uk/statutory-corporations-financial-provisions-act-1975/section-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.