Regulation 9 Interpretation of Part IV of the 1989 Act

Section 66(6) of the 1989 Act shall apply in relation to the liabilities of an abolished authority in respect of a loan to or borrowing (or money borrowed) by that authority which have become the liabilities of a designated authority as if in paragraph (1) of regulation 27 of the 1990 Regulations the following sub-paragraph were added after sub-paragraph (e)—

“(f)

the Local Government Changes for England (Property Transfer and Transitional Payments) Regulations 1995^f1.”.