Scottish National Investment Bank Act 2020 (asp 3)

PART 2 S Operational matters

Scottish Government financing of the Bank S

26 Power to finance S

(1) The Scottish Ministers may provide such finance as they consider appropriate to—

(a) the Bank, and

(b) any relevant subsidiary.

(2) Finance under this section may be provided—

(a) to the Bank in the form of grants, loans and guarantees,

(b) to a relevant subsidiary in the form of loans only.

(3) The Scottish Ministers may attach conditions (including conditions as to repayment or the payment of interest) in respect of any finance provided under this section.

(4) In this section, relevant subsidiary means a body that—

(a) is a subsidiary of the Bank, and

(b) provides services on a commercial basis only.

Commencement Information

I1 S. 26 in force at 16.9.2020 by S.S.I. 2020/272, reg. 2