Sudan - Western Savannah Project-Phase II : Credit 1640 - Project Agreement - 1 - Conformed

In subsection (1) of section 9 of the Commonwealth Development Corporation Act 1978 (power of the Corporation to borrow sums required by it for certain purposes), for “sums required by it” there shall be substituted “ from the Secretary of State or any other person any sum which it requires ”; and after that subsection there shall be inserted the following sub-sections:—.

In section 9(2) of that Act (under which the power of the Corporation to borrow is exercisable only with the approval of the Secretary of State), after “borrow” there shall be inserted “ otherwise than from the Secretary of State ”.

After section 9(3) of that Act (approvals), there shall be inserted the following subsection:—.

In section 11(1) of that Act (power of the Treasury to guarantee authorised borrowings of the Corporation made otherwise than by way of advance under section 10(1) of that Act), for the words from “by” onwar ds there shall be substituted “ from the Secretary of State ”.

After section 9 of the Commonwealth Development Corporation Act 1978 (borrowing powers of the Corporation) there shall be inserted the following section:—.

Accordingly, in section 9 of the said Act of 1978—

In section 10(1) of the Commonwealth Development Corporation Act 1978 (which, subject to a financial limit, provides for the making of advances by the Secretary of State to the Corporation)—

In section 10(2) of that Act (order increasing limit on advances to be approved by a resolution of the House of Commons), after " has been " there shall be inserted " laid before and ".

This Act may be cited as the Commonwealth Development Corporation Act 1982.

This Act extends to Northern Ireland.