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Session 2007 - 08
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Finance Bill


Finance Bill
Schedule 46 — Government borrowing: alternative finance arrangements

420

 

Parliamentary scrutiny

16    (1)  

A statutory instrument containing regulations that amend or repeal an

enactment contained in an Act may not be made unless a draft has been laid

before, and approved by resolution of, the House of Commons.

      (2)  

Subject to that, a statutory instrument containing regulations is subject to

5

annulment in pursuance of a resolution of the House of Commons (unless a

draft of the statutory instrument has been approved by resolution of the

House of Commons).

Interpretation

17    (1)  

In this Schedule, a reference to a person other than the Treasury includes a

10

reference to—

(a)   

a body corporate established by or under regulations, and

(b)   

a company formed under the Companies Acts.

      (2)  

For the purposes of sub-paragraph (1)(b), it does not matter—

(a)   

whether a company is formed specially in connection with the

15

raising of money through alternative finance arrangements,

(b)   

whether a company is formed by the Treasury, or

(c)   

whether a company is independent of the Treasury.

 
 

 
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Revised 27 March 2008