Paragraph 7 I1

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:

Sch. 2 para. 1 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 2 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 3 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 4 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 5 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 6 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 7 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 8 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 9 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 10 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)

In order to calculate item “DI” in the formula in paragraph 6, the authority shall calculate for each relevant debt an amount equal to the percentage of the debt which was chargeable by way of interest on the debt on the date on which the debt was reduced or extinguished by a commuted payment.

Annotations

Commencement

I1: Sch. 2 para. 7 in force at 1.4.1997, see reg. 1(1)(b)