[F1(1)In the case of any of the bodies corporate specified in Schedule 2 to this Act, its power to borrow money in a currency other than sterling shall not be subject to any statutory restriction as to the persons from whom, or the terms on which, it may borrow; but the power shall be exercisable only with the consent of the Secretary of State and that consent shall require the Treasury’s approval.
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ]F2
Textual Amendments
F1S. 5 repealed (E.W.) (1.4.2009) by Housing Corporation (Dissolution) Order 2009 (S.I. 2009/484), art. 1(3), Sch. 2
F2Ss. 5(2), 6(1) repealed by Electricity Act 1989 (c. 29, SIF 44:1), s. 112(3)(4), Sch. 17 para. 35(1), Sch. 18