The Act – Section by Section Part 7 – Finance Section 38 – Scottish Ministers’ power to pay off loans made by local authorities
100.Section 38 provides that the Scottish Ministers may make payments direct to the Public Works Loans Board or any other person to reduce or extinguish a loan previously made to a local authority for the purposes of capital expenditure.
101.Subsection (2)provides that after making any such payment under this section the Scottish Ministers must lay a report before the Scottish Parliament outlining their reasons for doing so.