SCHEDULES

SCHEDULE 5Amendments of the New Towns Act 1981

I112

1

Section 59 (other borrowing powers of development corporations and Commission) is amended as follows.

2

In the heading, omit “and Commission”.

3

In subsection (1)—

a

omit “or the Commission”, and

b

for the words from “or the Commission (as the case may be)” to the end substitute “ may require for meeting its obligations or performing its functions ”.

4

In subsection (2)—

a

omit “or the Commission”, and

b

for “they may require for enabling them” substitute “ it may require for enabling it. ”