HC Deb 21 January 1986 vol 90 c240

Queen's Recommendation having been signified—

Resolved, That, for the purposes of any Act resulting from the Atomic Energy Authority Bill [Lords], it is expedient to authorise— (1) the payment out of the National Loans Fund of any sums required to enable the Secretary of State to make loans to the United Kingdom Atomic Energy Authority ("the Authority"), subject to the limit that the aggregate amount outstanding in respect of— (a) money borrowed—

  1. (i) by the Authority or a wholly owned subsidiary of theirs, or
  2. (ii) for the repayment of which the Authority or a wholly owned subsidiary of theirs is a guarantor or surety
other than money borrowed from a wholly owned subsidiary or from the Authority, (b) the Authority's commencing capital debt, and (c) sums issued by the Treasury in fulfilment of guarantees of borrowing by the Authority or their subsidiaries, shall not exceed £150 million or such greater sum not exceeding £200 million as the Secretary of State may specify by order; (2) the payment out of the Consolidated Fund of any sums required to fulfil guarantees given by the Treasury in respect of sums borrowed by the Authority or their subsidiaries; (3) the payment of sums into the National Loans Fund or Consolidated Fund.—[Durant.]