SCHEDULES
SCHEDULE 5Amendments of the New Towns Act 1981
I113
1
Section 60 (limit on borrowing by development corporations and Commission) is amended as follows.
2
In the heading, omit “and Commission”.
3
In subsection (1)—
a
at the end of paragraph (b), insert “
and
”
,
b
omit paragraph (c) and the “and” following it,
c
in paragraph (d), for “(whether by development corporations or by the Commission)” substitute “
by development corporations
”
, and
d
for “(2) to (4)” substitute “
(2) and (3)
”
.
4
Omit subsection (4).