1Amount of the limit on government assistance
(1)
Section 15 of the Commonwealth Development Corporation Act 1999 (limit on government assistance) is amended as follows.
(2)
In subsection (1), for “£1,500 million” substitute “
£6,000 million
”
.
(3)
After subsection (3) insert—
“(4)
The Secretary of State may by regulations substitute for the amount for the time being specified in subsection (1) a larger amount not exceeding £12,000 million.
(5)
Regulations made by the Secretary of State under this section are to be made by statutory instrument.
(6)
A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.”