SCHEDULES

SCHEDULE 25 U.K. Further amendments of the Regional Development Agencies Act 1998

Borrowing by the Agency U.K.

6 (1) Section 11 (borrowing by the regional development agencies) shall be amended as follows. U.K.

(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.”