Search Legislation

Livestock Marketing Commission Act (Northern Ireland) 1967

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As enacted)

Advanced Features

 Help about advanced features

Changes to legislation:

There are currently no known outstanding effects for the Livestock Marketing Commission Act (Northern Ireland) 1967, Section 8. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

8Borrowing by the Commission.N.I.

(1)The Commission may with the consent of the Ministry of Agriculture borrow such sums as they consider necessary for the purpose of discharging their functions under this Act.

(2)The Ministry of Finance may, on the recommendation of the Ministry, guarantee in such manner as the Ministry of Finance thinks fit, the payment of the interest on and the principal of, or of the interest on or the principal of, any sums which the Commission borrow under subsection (1).

(3)Any sum borrowed by the Commission under subsection (1) in respect of which a guarantee is given by the Ministry of Finance under subsection (2) shall be repaid by the Commission within two years from the date on which the sum is borrowed, unless the Ministry of Finance on the recommendation of the Ministry authorises any outstanding balance of the sum borrowed to remain unpaid for a further period of two years.

(4)Two or more authorisations may be given successively under subsection (3) in respect of the same loan.

(5)Any sums required by the Ministry of Finance for fulfilling any guarantee under this section shall be charged on and issued out of the Consolidated Fund.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources