in Part II, by substituting for the words “which is a local authority for the purposes of the Local Loans Act 1875.” the words “which is a precepting authority, as defined in section 144 of the Local Government Finance Act 198813, a levying body within the meaning of section 74 of that Act, or a body as regards which section 75 of that Act applies.”;

by deleting Part III;

in Part IV, by deleting sub-paragraphs (4)(a) and (5) of paragraph 1.