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  1. Constitutions
  2. United Kingdom of Great Britain and Northern Ireland
  3. Lending by the Secretary of State.

🇬🇧 United Kingdom of Great Britain and Northern IrelandConstitution

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 source
1 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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