http://www.legislation.gov.uk/ukpga/1998/46/section/67AScotland Act 1998An Act to provide for the establishment of a Scottish Parliament and Administration and other changes in the government of Scotland; to provide for changes in the constitution and functions of certain public authorities; to provide for the variation of the basic rate of income tax in relation to income of Scottish taxpayers in accordance with a resolution of the Scottish Parliament; to amend the law about parliamentary constituencies in Scotland; and for connected purposes.1998-11-19texttext/xmlenStatute Law Database2026-07-02Expert Participation2026-06-30 Scotland Act 1998s. 80C(2B)(2BA)Finance Act 2026Sch. 2 para. 1s. 8(2)-(4) Part III67A1The aggregate at any time outstanding in respect of the principal of sums borrowed under section 66(1A) shall not exceed £3,274.527 million.2The Secretary of State may by order made with the consent of the Treasury substitute for the amount (or substituted amount) specified in subsection (1) such amount as may be specified in the order.3An amount substituted under subsection (2) may be more or less than the amount for which it is substituted but may not be less than £3 billion.4A person lending money to a member of the Scottish Government is not bound to enquire whether the member of the Scottish Government has power to borrow the money and is not to be prejudiced by the absence of any such power.5The Scottish Ministers may not mortgage or charge any of their property as security for money which they have borrowed under section 66(1A).This is subject to section 66(2).6Security given in breach of subsection (5) is unenforceable.Sum in s. 67A(3) substituted (1.4.2017) by Scotland Act 2016 (c. 11), ss. 20(8), 72(5); S.I. 2016/1178, reg. 2(a)S. 67A inserted (12.12.2014) by Scotland Act 2012 (c. 11), ss. 32(10), 44(4)(b); S.I. 2014/3250, art. 2Sum in s. 67A(1) substituted (30.6.2026) by The Scotland Act 1998 (Increase of Borrowing Limits) Order 2026 (S.I. 2026/713), arts. 1(2), 2(3)