# Colchester Borough Council Act 2001, Paragraph 3


In consideration of the Commissioners agreeing to assume the jurisdiction mentioned in clause 2(1) of this Agreement the Council shall pay to the Commissioners the sum of £50,000 (fifty thousand pounds) and at the same time shall indemnify the Commissioners in respect of any corporation tax payable thereon.

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Source: https://www.legislation.gov.uk/ukla/2001/2/schedule/1/paragraph/3 (the official version)
Page: https://openlegislation.uk/colchester-borough-council-act-2001/schedule-1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.