Civil Aviation Authority (Borrowing Powers) Act 1990

Borrowing powers of Civil Aviation Authority

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

• (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.

Short title

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