- Latest available (Revised)
- Original (As enacted)
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
An Act to make provision with respect to the financial limit in section 18(3) of the Welsh Development Agency Act 1975.
[21st March 1997]
Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
(1)Section 18 of the M1Welsh Development Agency Act 1975 (finances of the Agency) is amended as follows.
(2)In subsection (2) for “specified in” there is substituted “ applicable under ”.
(3)In subsection (3) for “£950 million” there is substituted “ £1,350 million or such greater sum as the Secretary of State may from time to time by order specify ”.
(4)After subsection (3) there is inserted—
“(3A)No order under subsection (3) above shall be made unless a draft of the order has been laid before, and approved by a resolution of, the House of Commons.”
(1)This Act may be cited as the Welsh Development Agency Act 1997.
(2)This Act does not extend to Northern Ireland.
(3)This Act shall come into force at the end of the period of two months beginning with the day on which it is passed.
(4)The M2Welsh Development Agency Act 1991 (which relates to the financial limit of the Agency and is superseded by section 1) is hereby repealed.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Click 'View More' or select 'More Resources' tab for additional information including: