SCHEDULES

SCHEDULE 25Further amendments of the Regional Development Agencies Act 1998

Borrowing by the Agency

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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.