# Leasehold Reform, Housing and Urban Development Act 1993, Paragraph 12

Extent: E+W

(1) Where—
(a) the tenant under the new lease is a diocesan board of finance and the lease comprises diocesan glebe land, and
(b) compensation is paid as mentioned in paragraph 9(b) above,
the sum received shall be paid to the Church Commissioners to be applied for purposes for which the proceeds of any disposition of property by agreement would be applicable under any enactment or Measure authorising such a disposition or disposing of the proceeds of such a disposition.
(2) In this paragraph—
“diocesan board of finance” has the same meaning as “DBF” in the Church Property Measure 2018;
“diocesan glebe land” has the same meaning as in that Measure.

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Source: https://www.legislation.gov.uk/ukpga/1993/28/schedule/14/paragraph/12 (the official version)
Page: https://openlegislation.uk/leasehold-reform-housing-and-urban-development-act-1993/schedule-14/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.