29 Secretary of State guarantees for OFCOM borrowing
Communications Act 2003 (2003 c 21) | Legislation

Guarantees

29  Secretary of State guarantees for OFCOM borrowing

(1)     The Secretary of State may guarantee—

(a)     the repayment of the principal of any borrowing by OFCOM;

(b)     the payment of interest on any such borrowing; and

(c)     the discharge of other financial obligations incurred by OFCOM in connection with any such borrowing.

(2)     The power of the Secretary of State to give a guarantee under this section is a power (subject to subsection (3)) to give it in such manner and on such conditions as he thinks

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