# The Greater London Council (Transfer of Land and Housing Accommodation) Order 1982, Article 21


For articles 19(2) in the Greater London Council (Transfer of Land and Housing Accommodation) Order 1981 and the Greater London Council (Transfer of Land and Housing Accommodation) (No. 3) Order 1981 there shall be substituted the following:
“Where the transferee authority disposes of any transferred property, any capital sum received by the authority as a result of the disposal shall be dealt with as may be provided by agreement between the Council and the authority, and in default of such agreement such sum shall first be applied to meet the outstanding loan debt (if any) attributable to that property.”

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Source: https://www.legislation.gov.uk/uksi/1982/301/article/21 (the official version)
Page: https://openlegislation.uk/greater-london-council-transfer-of-land-and-housing-accommodation-order-1982/article-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.