16 Expenditure.U.K.
This section has no associated Explanatory Notes
(1)The Treasury—
(a)may incur expenditure in respect of the establishment of a body for the purpose of carrying on public-private partnership business,
(b)may incur expenditure for the purposes of investing in the body (whether by acquiring assets, securities or rights or otherwise), and
(c)may provide loans and guarantees and make other kinds of financial provision to or in respect of the body.
(2)The powers under subsection (1)(b) and (c)—
(a)may not be exercised in respect of more than one body, and
(b)may be exercised only in connection with public-private partnership business carried on or to be carried on by the body.