Summary and Background Part 1: Marine Management Organisation Financial Provisions Section 36: Government guarantees
120.This section allows the Secretary of State to guarantee loans, interest and other financial obligations of the MMO.
121.If a guarantee is given under the section, the Secretary of State must lay a statement before each House of Parliament.
122.If any sum is paid out in fulfilment of such a guarantee, the Secretary of State must also lay a statement before each House of Parliament and the MMO must make such payments to the Secretary of State towards repayment of the sum, or by way of interest on the outstanding balance, as the Secretary of State may direct.