Paragraph 15 F1 F2

(1)

Regulations shall provide for the proceeds of sale of any property sold under regulations made by virtue of paragraph 10(3)(b), 12 or 13(1)(b)—

(a)

to be applied towards meeting expenses incurred by any authorised person in exercising his functions by virtue of this Schedule, and

(b)

in so far as they are not so applied, to be applied in such other manner as may be prescribed.

(2)

Regulations may in particular provide for a sum determined in accordance with the regulations to be paid to a person if—

(a)

he claims after the sale of property under regulations made by virtue of paragraph 10(3)(b), 12 or 13(1)(b) to be or to have been its owner,

(b)

the claim is made within a prescribed time of the sale, and

(c)

any other prescribed conditions are fulfilled.

Annotations

F1: Sch. 1A inserted (1.2.2001) by 2000 c. 38, s. 262(2), Sch. 30; S.I. 2001/57, art. 3, Sch. 2 Pt. I as amended by S.I 2001/115, art. 2
F2: Sch. 1A inserted (1.2.2001) by 2000 c. 38 , s. 262(2) , Sch. 30 ; S.I. 2001/57 , art. 3 Sch. 2 Pt. I

F1: Sch. 1A inserted (1.2.2001) by 2000 c. 38, s. 262(2), Sch. 30; S.I. 2001/57, art. 3(1), Sch. 2 Pt. I