Paragraph 12 I1

(1)

Section 59 (other borrowing powers of development corporations and Commission) is amended as follows.

(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. ”

Annotations

Commencement

I1: Sch. 5 para. 12 in force at 1.4.2009 by S.I. 2009/803, art. 3(1)