Textual Amendments
F1Sch. 5A inserted (15.11.1999 subject to arts. 5-7 of S.I. 1999/2908) by 1998 c. 36, s. 160, Sch. 26 para. 1(3); S.I. 1999/2908, arts. 1, 2
Modifications etc. (not altering text)
C1Sch. 5A modified in part (16.6.2014) by The Government Alternative Finance Arrangements Regulations 2014 (S.I. 2014/1327), regs. 1, 9
11(1)Any excess for the time being of the liabilities of the Debt Management Account over its assets shall be a liability of the National Loans Fund to the Account.U.K.
[F2(1A)The Treasury may pay from the National Loans Fund to the Debt Management Account an amount representing all or any of any excess mentioned in sub-paragraph (1) above, and if they do the liability there mentioned shall be extinguished or reduced accordingly.]
(2)Any excess for the time being of the assets of the Debt Management Account over its liabilities shall be a liability of the Account to the National Loans Fund.
(3)The Treasury may pay from the Debt Management Account to the National Loans Fund an amount representing all or any of any excess mentioned in subparagraph (2) above, and if they do the liability there mentioned shall be extinguished or reduced accordingly.
[F3(4)If any amount paid under sub-paragraph (1A) or (3) above should not have been paid, the Treasury may repay the whole or any part of it.]]
Textual Amendments
F2Sch. 5A para. 11(1A) inserted (28.7.2000) by 2000 c. 17, s. 151
F3Sch. 5A para. 11(4) inserted (10.7.2003) by Finance Act 2003 (c. 14), s. 214