# Statutory Corporations (Financial Provisions) Act 1974, Paragraph 5


In section 4(1) of the New Towns (Scotland) Act 1968 (which provides that a development corporation shall not have the power to borrow money except by the way of advance from the Secretary of State), for the words “by way of advance from the Secretary of State under” there shall be substituted the words “in accordance with sections 37 and 37A of”.

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Source: https://www.legislation.gov.uk/ukpga/1974/8/schedule/3/paragraph/5 (the official version)
Page: https://openlegislation.uk/statutory-corporations-financial-provisions-act-1974/schedule-3/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.