# The Further Education (Attribution of Surpluses and Deficits) Regulations 1993, Regulation 6


(1) Unless otherwise agreed between the assisting authority and the new governing body, a sum payable under section 37(2) or (3) shall be paid by equal monthly instalments, the first of which shall be paid on the relevant date, in accordance with the following table—
Amount payable as a proportion of the net budget share
Period for repayment
Up to 1% (inclusive)
10 months
More than 1%
14 months.
(2) In paragraph (1) above “the relevant date” means 31st January 1994 or, if sooner, the last day of the month following the month in which section 18(1) of the Local Government Finance Act 1982 (auditor’s reports) is complied with in respect of the assisting authority’s accounts for the relevant financial year.

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Source: https://www.legislation.gov.uk/uksi/1993/609/regulation/6 (the official version)
Page: https://openlegislation.uk/further-education-attribution-of-surpluses-and-deficits-regulations-1993/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.