SCHEDULES
SCHEDULE 25Further amendments of the Regional Development Agencies Act 1998
Grants
5
1
Section 10 (government grants to the regional development agencies) shall be amended as follows.
2
At the beginning there shall be inserted “(1)”.
3
In the subsection (1) so formed, after “agency” there shall be inserted “other than the London Development Agency”.
4
After the subsection (1) so formed there shall be inserted—
2
The Secretary of State may, with the approval of the Treasury, make to the Greater London Authority grants of such amounts, and on such terms, as he thinks fit.
3
Any grant made under subsection (2) shall be made for the purposes of the London Development Agency.