121Borrowing by Welsh Ministers
This section has no associated Explanatory Notes
(1)The Welsh Ministers may borrow from the Secretary of State any amounts it appears to them are required by them for the purpose of—
(a)meeting a temporary excess of sums paid out of the Welsh Consolidated Fund over sums paid into that Fund, or
(b)providing a working balance in that Fund.
(2)Amounts borrowed under this section must be repaid to the Secretary of State at such times and by such methods, and interest on such sums must be paid to the Secretary of State at such rates and at such times, as the Treasury may from time to time determine.
(3)Sums required for the repayment of, or the payment of interest on, amounts borrowed under this section are to be charged on the Welsh Consolidated Fund.