Structure of the Act Part 1 - the Homes and Communities Agency Borrowing powers of the HCA Section 20 - Powers to borrow
44.This section enables the HCA to borrow on a short-term basis, such as by overdraft, from any person. If the borrowing is not on a short-term basis the HCA may borrow only from the Secretary of State or the European Investment Bank. The HCA may only borrow in sterling.