153 Government financial assistance where special administration orders made
Water Industry Act 1991 (1991 c 56) | Legislation

153  Government financial assistance where special administration orders made

(1)     Where a special administration order is for the time being in force in relation to a company, the Secretary of State, may, with the consent of the Treasury—

(a)     make to the company grants or loans of such sums as appear to him to be appropriate for the purpose of facilitating the achievement of the purposes of the order;

[(b)     offer indemnities in respect of liabilities or loss incurred or sustained in the course of functions under the order].

[(1A)     An indemnity under subsection (1)(b) may be offered to—

(a)     the special administrator,

(b)     an employee of

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