division_name: Crown Estate Bill [HL] - <i>Report</i> &#8212; Amendment 1
motion: <p class="italic" pid="a1397.4/1" pwmotiontext="unrecognized">Moved by Baroness Vere of Norbiton</p>
  
  <p class="italic" pid="a1397.4/2" pwmotiontext="unrecognized">1: Clause 1, page 1, line 26, at end insert&#8212;&#8220;(3) The Secretary of State must limit any borrowing by the Crown Estate under this Section by regulations made by statutory instrument, and these regulations may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.(4) The first set of regulations made under subsection (3) must limit borrowing to a net debt to asset value ratio of no more than 25 per cent.&#8221;Member's explanatory statementThis amendment would limit the amount the Commissioners may borrow by regulations subject to the affirmative procedure for statutory instruments.</p>
  
  <p pid="a1401.0/6" pwmotiontext="yes">Ayes 193, Noes 226.</p>