13(1)Section 60 (limit on borrowing by development corporations and Commission) is amended as follows.E+W
(2)In the heading, omit “and Commission”.
(3)In subsection (1)—
(a)at the end of paragraph (b), insert “ and ”,
(b)omit paragraph (c) and the “and” following it,
(c)in paragraph (d), for “(whether by development corporations or by the Commission)” substitute “ by development corporations ”, and
(d)for “(2) to (4)” substitute “ (2) and (3) ”.
(4)Omit subsection (4).
Commencement Information
I1Sch. 5 para. 13 in force at 1.4.2009 by S.I. 2009/803, art. 3(1)