66F.— Without prejudice to the monitoring and review of the community elements of the Plan in accordance with section 128B, each local authority shall—

(a) monitor and review on an ongoing basis the implementation of the economic elements of the Plan, including performance against any benchmarks or indicators of performance set out in it and, if the local authority considers appropriate, to revise the actions, plans and strategies set to achieve its objectives,

(b) undertake a review of the economic elements of the Plan at least once within the period of 6 calendar years after it was made or last amended for the purposes of this paragraph and, if the local authority considers it necessary after any such review—

(i) to amend the economic elements of the Plan, or

(ii) to make new economic elements of the Plan for approval by the local authority in accordance with the provisions of section 66C,

and any such amendment or making shall be in accordance with any regulations made, or general policy guidelines issued, by the Minister for that purpose.]