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12. Section 113 of the 1999 Act (aggregate credit approval for Authority and functional bodies) shall continue to have effect on and after 18th November 2003—
(a)in relation to any aggregate credit approval issued for the financial year beginning on 1st April 2003; and
(b)for the purposes of section 114(4) of the 1999 Act (additional credit approval),
as if section 113 had not ceased to have effect or been repealed by virtue of the Act.
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