# The Water Industry (Special Administration) Regulations 2024, Regulation 35: Vacation of office: charges and liabilities


Paragraph 99 has effect as if—
(a) in sub-paragraph (4), for the words from “A sum payable” to “before cessation” there were substituted “A sum falling within sub-paragraph (4A)”;
(b) after sub-paragraph (4) there were inserted—
“(4A) A sum falls within this paragraph if it is—
(a) a sum payable in respect of a debt or liability arising out of a contract that was entered into before cessation by the former special administrator or a predecessor,
(b) a sum that must be repaid by the company in respect of a grant that was made before cessation under section 153 of the 1991 Act as is mentioned in subsection (3) of that section,
(c) a sum—
(i) that must be repaid by the company in respect of a loan made before cessation under that section, or
(ii) that must be paid by the company in respect of interest payable on such a loan,
(d) a sum payable in respect of an indemnity given by the Secretary of State under section 153 of the 1991 Act, or
(e) a sum payable by the company under section 154(5) of the 1991 Act in respect of a guarantee given before cessation.”; and
(c) in sub-paragraph (5), for “Sub-paragraph (4)” there were substituted “Sub-paragraph (4A)(a)”.

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Source: https://www.legislation.gov.uk/ukdsi/2024/9780348256277/regulation/35 (the official version)
Page: https://openlegislation.uk/draft-water-industry-special-administration-regulations-2024/regulation-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.