Paragraph 21 I1

Section 146A (application of provisions of Part 7 to joint authorities etc) is amended as follows.

In subsection (1), in the opening words—

After that subsection insert—

“(1ZA)

In its application by virtue of subsection (1) to an economic prosperity board, section 111 has effect as if it did not permit the borrowing of money.

(1ZB)

In its application by virtue of subsection (1) to a combined authority, section 111 has effect as if it permitted the borrowing of money for the purposes of the exercise by the authority of its transport functions only.”