Budget Act (Northern Ireland) 2014

Power of the Department of Finance and Personnel to borrow

This section has no associated Explanatory Notes

5.—(1) Subject to subsection (2), the Department of Finance and Personnel may borrow on the credit of the sum specified in section 4 any sum or sums not exceeding in the whole £3,531,176,000.

(2) Any money so borrowed shall be repaid, with any interest due thereon, out of the Consolidated Fund not later than 31st March 2015.