Article 3 Borrowing by the undertaking from persons other than the Scottish Ministers
The circumstances specified for the purposes of section 14(2)(b) of the Act (the circumstances in which the undertaking may borrow money from any other person) are—
(a)
where sums are borrowed for the purpose of enabling the undertaking to perform activities authorised by a water services or sewerage services licence granted to it under section 6(1) or (3) of the Actf1, or activities it engages in by virtue of section 13(7) of the Act, and
(b)
the lender is Scottish Water or a subsidiary of Scottish Water.
Annotations
Footnotes
- f1
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Section 6(1) and (3) was amended by section 7(3) of the Water Act 2014 (c.21).