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PART 2Operational matters

Scottish Government financing of the Bank

25Requirement to get State aid approval before significant capitalisation

(1)The Scottish Ministers may not spend more than the sterling amount of the authorised minimum on capitalising the Bank unless they have obtained any approval which, under State aid rules, they are required to obtain before doing so.

(2)For the purposes of subsection (1), no account is to be taken of administration costs.

(3)In subsection (1)—