This section has no associated Explanatory Memorandum
[F13ZA. In section 113 (investment of funds)—U.K.
(a)at the beginning of subsection (1), insert “Subject to subsection (1A),”; and
(b)after subsection (1), insert—
“(1A) The Board may hold any grant received in accordance with regulation 5(3) of the Financial Assistance Scheme Regulations 2005 (scheme manager) in an interest-bearing account but may not otherwise invest any such grant.”.]
Textual Amendments
F1Sch. 1 paras. 3ZA-3ZE inserted (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 18(a) (with reg. 37)