Borrowing by the Agency
6(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.”