Variation of the relevant schemes2

Each of the relevant schemes is varied as follows–

a

in sub-paragraph (9) of paragraph 21, delete—

  • , but may, for the purposes of preparing the estimate referred to in sub-paragraph (2) and if the Authority so resolve, include such amount or amounts as the Authority considers appropriate with a view to minimising any upward revision of an estimate under sub-paragraph (6)

b

after paragraph 21, insert—

21A

1

The Authority’s net expenses for the purposes of paragraph 21 may include such sum as is determined by the Authority for the purpose of providing reserves.

2

The power for the Authority to create or hold reserves is without prejudice to any specific statutory power or duty which it may have to establish any other reserve.