Scotland Act 1998
Lending by the Secretary of State.
- Jurisdiction
- United Kingdom of Great Britain and Northern Ireland
- Provision
- 67
- Source language
- English
- Recorded status
- in force
More details
- Recorded status
- in force
Provision text
Official source1 The Treasury may issue to the Secretary of State out of the National Loans Fund such sums as are required by him for making loans under section 66. 2 The aggregate at any time outstanding in respect of the principal of sums borrowed under section 66(1) shall not exceed £1,910.141 million . 3 The Secretary of State may by order made with the consent of the Treasury substitute for the amount (or substituted amount) specified in subsection (2) such ... amount as may be specified in the order. 3A An amount substituted under subsection (3) may be more or less than the amount for which it is substituted but may not be less than £1.75 billion . 4 Sums received by the Secretary of State under section 66(3) shall be paid into the National Loans Fund.
Source record
Source and verification
Scotland Act 1998 · legislation.gov.uk · Retrieved 17 August 2026.
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