http://www.legislation.gov.uk/ukpga/2006/32/section/122AGovernment of Wales Act 2006An Act to make provision about the government of Wales.texttext/xmlenStatute Law Database2026-01-09Expert Participation2026-01-08 Part 5Finance<Emphasis>Borrowing</Emphasis><Addition ChangeId="key-7139476e08151ac2e026b02dcbe8a244-1484308186584" CommentaryRef="key-7139476e08151ac2e026b02dcbe8a244">Lending for capital expenditure</Addition>122A1The aggregate at any time outstanding in respect of the principal of amounts borrowed under section 121(1A) shall not exceed £1,000 million .2The Secretary of State may by order made with the consent of the Treasury substitute for the amount for the time being 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 £1,000 million .4No order is to be made under subsection (2) unless a draft of the statutory instrument containing it has been laid before, and approved by a resolution of, the House of Commons.5A person lending money to a member of the Welsh Government—ais not bound to enquire whether the member of the Welsh Government has power to borrow the money, andbis not to be prejudiced by the absence of any such power.6The Welsh Ministers may not mortgage or charge any of their property as security for money which they have borrowed under section 121(1A).This is subject to section 121(3) (charging of sums on the Welsh Consolidated Fund).7Security given in breach of subsection (6) is unenforceable.Words in s. 122A(3) substituted (31.3.2017) by Wales Act 2017 (c. 4), ss. 18, 71(2)(d) (with Sch. 7 paras. 1, 6)S. 122A inserted (1.1.2017) by Wales Act 2014 (c. 29), ss. 20(10), 29(5)(a); S.I. 2016/1264, art. 2Words in s. 122A(1) substituted (31.3.2017) by Wales Act 2017 (c. 4), ss. 18, 71(2)(d) (with Sch. 7 paras. 1, 6)