Regulation 68 Payments in respect of transferred property and deemed borrowingI1
England and Wales Not yet in force
The reserved part shall be 100 per cent. in the case of a sum which is a capital receipt by virtue of regulation 56, 57 or 58, and is an annual or other periodic payment calculated by reference to any amounts outstanding by way of principal of money borrowed by the authority.
Annotations
Commencement
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Reg. 68 in force at 1.4.1997, see reg. 1(1)(b)