SCHEDULES
SCHEDULE 25Further amendments of the Regional Development Agencies Act 1998
Borrowing by the Agency
6
1
Section 11 (borrowing by the regional development agencies) shall be amended as follows.
2
In subsection (6)(a) (collective borrowing limit), for “£200 million” there shall be substituted “£177.77 million”.
3
After subsection (7) there shall be inserted—
8
This section does not apply in relation to the London Development Agency.