12(1)Section 59 (other borrowing powers of development corporations and Commission) is amended as follows.E+W
(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. ”
Commencement Information
I1Sch. 5 para. 12 in force at 1.4.2009 by S.I. 2009/803, art. 3(1)