Health and Personal Social Services (Northern Ireland) Order 1972

5.  [F1Where regulations under paragraph 1A authorise the Department of Finance] to guarantee the payment of interest on, and the repayment of the principal of, any loan proposed to be raised by [F2the Department] —

(a)the principal of the loans which may be so guaranteed under the [F3regulations] shall not exceed in the aggregate [F4a sum specified in the scheme] ;

(b)there shall be charged on and issued out of the Consolidated Fund any sums required by [F5the Department] of Finance to fulfil any guarantees given by it under [F6the regulations] ;

(c)[F7the Department] of Finance may borrow money for the purpose of providing for issues out of the Consolidated Fund under sub-paragraph ( b);

(d)[F8the Department] shall make to [F9the Department of Finance] , at such times and in such manner as [F10the Department of Finance] may direct—

(i)payments of such amounts as [F10the Department of Finance] may direct in or towards repayment of any sums issued out of the Consolidated Fund under sub-paragraph ( b); and

(ii)payments of interest on what is outstanding in respect of sums so issued, at such rates as [F10the Department of Finance] may direct.