(1)The amount up to which authorisation was conferred for the use of resources for the year ending with 31 March 2012 is to be treated as further increased, for the purpose of making good excesses, by £70,465,000.
(2)Of the further amount treated as authorised by subsection (1)—
(a)£62,700,000 is to be treated as authorised for use for current purposes; and
(b)£7,765,000 is to be treated as authorised for use for capital purposes.
(3)The increases for which this section provides are to be treated as having had effect from the beginning of 1 April 2011.