Article 2 Interpretation
In this Order—
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“the Act” means the Education Reform Act 1988;
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“deemed borrowing” means the amount which, in accordance with article 3 of this Order, an inner London council shall be deemed to have borrowed from the LRB;
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“ILEA” means the Inner London Education Authority;
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“inner London council” means the council of an inner London borough or (in their capacity as a local authority) the Common Council of the City of London; and
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“the LRB” means the London Residuary Body.