Scottish Development Agency Act 1975
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
13 Finances of the Agency.
(1) Schedule 2 to this Act (Financial and Administrative Provisions relating to the Agency) shall have effect with respect to the finances of, and certain administrative matters relating to, the Agency. (2) The aggregate amount outstanding, otherwise than by way of interest, in respect of— (a) the general external borrowing of the Agency and their subsidiaries; (b) sums issued by the Treasury in fulfilment of guarantees under paragraph 6 of Schedule 2 below and not repaid to the Treasury; (c) sums paid to the Agency by the Secretary of State out of monies provided by Parliament less repayments to the Secretary of State by the Agency (other than payments made by virtue of paragraph 1(3) of Schedule 2 to this Act) and less such sums paid in respect of the administrative expenses of the Agency; (d) loans guaranteed by the Agency . . . and loans guaranteed by a subsidiary of the Agency; shall not exceed the limit specified in subsection (3) below. (3) The said limit shall be £1,200 million, . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) In subsection (2) above, “general external borrowing” means— (a) in relation to the Agency, sums borrowed by them other than— (i) sums borrowed from a body corporate which is one of the Agency’s subsidiaries at the time of the loan; (ii) any sums mentioned in subsection (2)(b) above; . . . (iii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (b) in relation to a subsidiary of the Agency, sums borrowed by it (whether or not it was such a subsidiary at the time any such sum was borrowed) other than sums borrowed from the Agency or from another subsidiary; but does not include any debt assumed by the Agency under paragraph 7(1) of Schedule 2 to this Act.
13 Finances of the Agency.
(1) Schedule 2 to this Act (Financial and Administrative Provisions relating to the Agency) shall have effect with respect to the finances of, and certain administrative matters relating to, the Agency. (2) The aggregate amount outstanding, otherwise than by way of interest, in respect of— (a) the general external borrowing of the Agency and their subsidiaries; (b) sums issued by the Treasury in fulfilment of guarantees under paragraph 6 of Schedule 2 below and not repaid to the Treasury; (c) sums paid to the Agency by the Secretary of State out of monies provided by Parliament less repayments to the Secretary of State by the Agency (other than payments made by virtue of paragraph 1(3) of Schedule 2 to this Act) and less such sums paid in respect of the administrative expenses of the Agency; (d) loans guaranteed by the Agency . . . and loans guaranteed by a subsidiary of the Agency; shall not exceed the limit specified in subsection (3) below. (3) The said limit shall be £1,200 million, . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) In subsection (2) above, “general external borrowing” means— (a) in relation to the Agency, sums borrowed by them other than— (i) sums borrowed from a body corporate which is one of the Agency’s subsidiaries at the time of the loan; (ii) any sums mentioned in subsection (2)(b) above; . . . (iii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (b) in relation to a subsidiary of the Agency, sums borrowed by it (whether or not it was such a subsidiary at the time any such sum was borrowed) other than sums borrowed from the Agency or from another subsidiary; but does not include any debt assumed by the Agency under paragraph 7(1) of Schedule 2 to this Act.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.