Civil Aviation Authority (Borrowing Powers) Act 1990 (1990 c. 2)

1 Borrowing powers of Civil Aviation Authority.

(1) Section 10 of the Civil Aviation Act 1982 (borrowing powers of Civil Aviation Authority) shall be amended as follows.

[M1] 1982 c. 16.

(2) In subsection (6) for the words “£200 million” there shall be substituted the words “ £500 million or such greater sum not exceeding £750 million as may from time to time be specified by an order made by the Secretary of State; but no such order shall be made unless a draft of it has been laid before and approved by a resolution of the House of Commons. ”

(3) After subsection (6) there shall be inserted—(7)In subsection (3) above the reference to a currency other than sterling includes a reference to units of account defined by reference to more than one currency.

2 Short title.

This Act may be cited as the Civil Aviation Authority (Borrowing Powers) Act 1990.