57(1)Until the end of the initial period section 121(1) has effect with the substitution of a reference to the Assembly constituted by the Government of Wales Act 1998 for the reference to the Welsh Ministers.U.K.
(2)For the purpose of section 122(2) the aggregate amount which, immediately before 1st April 2007, is outstanding in respect of the principal of—
(a)loans made under section 82 of the Government of Wales Act 1998, and
(b)any other loans issued out of the National Loans Fund which the Assembly constituted by the Government of Wales Act 1998 is liable to repay,
is treated as outstanding in respect of the principal of sums borrowed under section 121.