Statutory Corporations (Financial Provisions) Act 1975
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
5 Miscellaneous provisions as to borrowing in public sector.
(1) In the case of any of the bodies corporate specified in Schedule 2 to this Act, its power to borrow money in a currency other than sterling shall not be subject to any statutory restriction as to the persons from whom, or the terms on which, it may borrow; but the power shall be exercisable only with the consent of the Secretary of State and that consent shall require the Treasury’s approval. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Miscellaneous provisions as to borrowing in public sector.
(1) In the case of any of the bodies corporate specified in Schedule 2 to this Act, its power to borrow money in a currency other than sterling shall not be subject to any statutory restriction as to the persons from whom, or the terms on which, it may borrow; but the power shall be exercisable only with the consent of the Secretary of State and that consent shall require the Treasury’s approval. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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