Crown Estate Act 2025
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Change 1
1 Power of Crown Estate Commissioners to borrow etc
(1) The Crown Estate Act 1961 is amended as follows. (2) In section 1 (general provision about Crown Estate Commissioners), after subsection (4) insert— (4A) The powers exercisable by the Commissioners in the discharge of their functions under this Act include powers to do anything which is calculated to facilitate, or is conducive or incidental to, the discharge of those functions. (3) In section 3 (management powers etc)— (a) omit subsection (4), and (b) in subsection (5), for the words from “, on security” to the end substitute “in accordance with section 3A, or otherwise with the consent of the Treasury.” (4) After that section insert— Power of the Commissioners to borrow etc 3A (1) The Treasury may— (a) arrange for loans to be issued to the Commissioners out of the National Loans Fund; (b) provide financial assistance (including by way of loan) to the Commissioners out of money provided by Parliament. (2) In the case of a loan issued under subsection (1)(a)— (a) the Treasury may determine the rate of interest on the loan (and, accordingly, section 5 of the National Loans Act 1968 applies), and (b) the Treasury must pay any sums received in respect of the loan into the National Loans Fund.
1 Power of Crown Estate Commissioners to borrow etc
(1) The Crown Estate Act 1961 is amended as follows. (2) In section 1 (general provision about Crown Estate Commissioners), after subsection (4) insert— (4A) The powers exercisable by the Commissioners in the discharge of their functions under this Act include powers to do anything which is calculated to facilitate, or is conducive or incidental to, the discharge of those functions. (3) In section 3 (management powers etc)— (a) omit subsection (4), and (b) in subsection (5), for the words from “, on security” to the end substitute “in accordance with section 3A, or otherwise with the consent of the Treasury.” (4) After that section insert— Power of the Commissioners to borrow etc 3A (1) The Treasury may— (a) arrange for loans to be issued to the Commissioners out of the National Loans Fund; (b) provide financial assistance (including by way of loan) to the Commissioners out of money provided by Parliament. (2) In the case of a loan issued under subsection (1)(a)— (a) the Treasury may determine the rate of interest on the loan (and, accordingly, section 5 of the National Loans Act 1968 applies), and (b) the Treasury must pay any sums received in respect of the loan into the National Loans Fund.
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