HC Deb 04 November 1987 vol 121 c1016

Queen's Recommendation having been signified—

Resolved, That, for the purposes of any Act resulting from the Urban Development Corporations (Financial Limits) Bill, it is expedient to authorise any payment out of the National Loans Fund, the Consolidated Fund or money provided by Parliament resulting from provisions of the Act—

  1. (a) removing the limit imposed by paragraph 8 of Schedule 31 to the Local Government Planning and Land Act 1980 on the sums which may he paid under paragraph 3 of that Schedule to urban development corporations;
  2. (b) providing for the amount of any repayments of sums borrowed by such corporations under paragraph 4(2) of that Schedule to be taken into account in determining the amount of the sums so borrowed which for the time being counts towards the limit imposed by paragraph 8 of that Schedule; and
  3. (c) varying the limit so imposed to £30 million, with power to increase it by order to £100 million; and any payment into the National Loans Fund or the Consolidated Fund resulting from any such provisions.—[Mr. Kenneth Carlisle.]