18(1)Section 65 (disposal of surplus funds) is amended as follows.E+W
(2)In subsection (1) for the words from “, and with the Commission” to the end substitute “ and any development corporation, that the corporation has a surplus whether on capital or on revenue account after making allowance by way of transfer to reserve or otherwise for its future requirements ”.
(3)In subsection (2) for “The Commission or that corporation, as the case may be,” substitute “ That corporation ”.
Commencement Information
I1Sch. 5 para. 18 in force at 1.4.2009 by S.I. 2009/803, art. 3(1)