Welsh Statutory Instruments
2000 No. 1147 (W.82)
ECONOMIC DEVELOPMENT, WALES
The Welsh Development Agency (Financial Limit) Order 2000
Made
6th April 2000
Coming into force
12th April 2000
Citation and commencement
1. This Order may be cited as the Welsh Development Agency (Financial Limit) Order 2000 and shall come into force on 12th April 2000.
Increase in financial limit
2. For the purposes of section 18(3) of the Welsh Development Agency Act 1975 (finances of the Agency) the limit is specified as £2,000 million.
Signed on behalf of the National Assembly for Wales under section 66(1) of the Government of Wales Act 1998(3).
D.Elis Thomas
The Presiding Officer of the National Assembly
6th April 2000
Explanatory Note
(This note does not form part of the Order)
The Welsh Development Agency is an executive Assembly Sponsored Public Body which was established by the Welsh Development Agency Act 1975 for the purposes of furthering the economic and social development of Wales, promoting efficiency in business and international competitiveness in Wales and furthering the improvement of the environment in Wales.
Subsection 18(3) of the 1975 Act specifies the Agency’s financial limit and provides for that limit to be increased by order. This Order increases the limit from £1,350 million to £2,000 million.
1975 (c. 70); section 18 was amended by section 1 of the Industry Act 1979 (c. 32), by sections 5(1) and 21 of and Schedule 2 to the Industry Act 1980 (c. 33), and by section 1 of the Welsh Development Agency Act 1997 (c. 37).
See the National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672).