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Regulation 68 Payments in respect of transferred property and deemed borrowingI1

England and Wales Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

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

I1

Reg. 68 in force at 1.4.1997, see reg. 1(1)(b)