Part 1The Homes and Communities Agency

Chapter 3Financial provision

Borrowing powers of the HCA

20Powers to borrow

1

The HCA may, for the purpose of what it considers to be the short-term management of its finances, borrow from any person by way of overdraft or otherwise.

2

Subject to this, the HCA may only borrow from the Secretary of State or the European Investment Bank.

3

The HCA may not borrow in currencies other than sterling.