[223B Borrowing from National Loans Fund]
[223B Borrowing from National Loans Fund]

[(1)     The scheme manager may request a loan from the National Loans Fund for the purpose of funding expenses incurred or expected to be incurred under the scheme.

(2)     The Treasury may arrange for money to be paid out of the National Loans Fund in pursuance of a request under subsection (1).

(3)     The Treasury shall determine—

(a)     the rate of interest on a loan, and

(b)     other terms and conditions.

(4)     The Treasury may make regulations—

(a)     about the amounts that may be borrowed under this section;

(b)     permitting the scheme manager to impose levies under section 213 for the purpose of meeting expenses in connection with loans under this section (and the regulations may have effect despite any provision of this Act);

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