(1)The Church Commissioners may make a loan to a DBF for any of the following purposes—
(a)the acquisition of land to be held as part of the diocesan glebe land;
(b)the development or improvement of diocesan glebe land and the safeguarding of its amenities;
(c)the discharge of any principal or interest owing under a mortgage or charge on diocesan glebe land.
(2)A loan under this section may be of such amount and made on such terms and subject to the payment of interest at such rate as the Commissioners decide.
(3)“Development”, in relation to a building, includes the division or demolition of the building.
Commencement Information
I1S. 24 in force at 1.3.2019 by S.I. 2019/97, art. 2