(1)The [F1Department of Justice] shall for each financial year make to the Board [F2—
(a)a grant for pension purposes;
(b)a grant for other police purposes.]
(2)[F3Grants] under this section—
(a)shall be of such amount;
(b)shall be paid at such time, or in instalments of such amounts and at such times; and
(c)shall be made on such conditions,
as the [F4Department of Justice] may determine.
(3)A time determined under subsection (2)(b) may fall within or after the financial year concerned.
(4)Subject to subsections (5), (6) and (8), the Board may borrow, by way of temporary loan or overdraft from a bank or otherwise, any sum which it may temporarily require for the purpose of defraying expenses pending the receipt of moneys receivable by the Board.
(5)The total amount owing of money borrowed under subsection (4) shall not at any time exceed such sum as the [F5Department of Justice] may specify to the Board in writing.
(6)Any sum borrowed under subsection (4) shall be repaid before the end of the financial year in which it is borrowed.
(7)Subject to subsection (8), the Board may, with the consent of the [F6Department of Justice], borrow or raise money on such terms and subject to such conditions as the [F6Department of Justice] may approve upon the security of any property or assets of the Board for all or any of the following purposes—
(a)meeting expenses incurred in connection with any permanent work the cost of which is properly chargeable to capital;
(b)redeeming any loan previously borrowed or raised under this section; or
(c)any other purpose for which capital moneys may properly be applied.
(8)The Board may not borrow or raise money under this section for any purposes other than police purposes.
Textual Amendments
F1Words in s. 9(1) substituted (12.4.2010) by The Northern Ireland Act 1998 (Devolution of Policing and Justice Functions) Order 2010 (S.I. 2010/976), art. 1(2), Sch. 3 para. 46(a) (with arts. 28-31)
F2Words in s. 9(1) substituted (with effect in accordance with s. 6(12) of the amending Act) by Police (Northern Ireland) Act 2003 (c. 6), s. 6(2)
F3Word in s. 9(2) substituted (with effect in accordance with s. 6(12) of the amending Act) by Police (Northern Ireland) Act 2003 (c. 6), s. 6(3)
F4Words in s. 9(2) substituted (12.4.2010) by The Northern Ireland Act 1998 (Devolution of Policing and Justice Functions) Order 2010 (S.I. 2010/976), art. 1(2), Sch. 3 para. 46(a) (with arts. 28-31)
F5Words in s. 9(5) substituted (12.4.2010) by The Northern Ireland Act 1998 (Devolution of Policing and Justice Functions) Order 2010 (S.I. 2010/976), art. 1(2), Sch. 3 para. 46(a) (with arts. 28-31)
F6Words in s. 9(7) substituted (12.4.2010) by The Northern Ireland Act 1998 (Devolution of Policing and Justice Functions) Order 2010 (S.I. 2010/976), art. 1(2), Sch. 3 para. 46(b) (with arts. 28-31)