Welsh Development Agency Act 1975 (c. 70)

SCHEDULES

SCHEDULE 3 E+W+S [F1 Borrowing and guaranteesF1 ]

Textual Amendments

F1 Sch. 3: words in heading substituted (1.4.2006) by The Welsh Development Agency (Transfer of Functions to the National Assembly for Wales and Abolition) Order 2005 (S.I. 2005/3226), arts. 1(1)(2), 7(1), Sch. 1 para. 32(5) (with art. 3(1))

Borrowing Powers E+W+S

[F2 (3) E+W+S For the purpose of exercising its functions under this Act, the Assembly may borrow money from any person (including its wholly owned subsidiaries), but any borrowing in a currency other than sterling requires the approval of the Treasury.F2 ]

Textual Amendments

F2 Sch. 3 para. 3 substituted (1.4.2006) by virtue of The Welsh Development Agency (Transfer of Functions to the National Assembly for Wales and Abolition) Order 2005 (S.I. 2005/3226), arts. 1(1)(2), 7(1), Sch. 1 para. 32(2) (with art. 3(1))