# The Local Government Finance (Payments) (Welsh Authorities) Regulations 1990, Regulation 4: Interpretation


(1) Where the Secretary of State exercises his powers under paragraph (2) of regulation 3, any liability of the receiving authority which has been set off in accordance with that paragraph and the part of the liability of theSecretary of State against which that liability has been set off, shall be treated as discharged.
(2) Where a receiving authority sets off any amount in accordance with paragraph (3) of regulation 3, any liability of the Secretary of State which has been set off in accordance with that paragraph and the part of the liability of the authority against which that liability has been set off, shall be treated as discharged.

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Source: https://www.legislation.gov.uk/uksi/1990/609/regulation/4 (the official version)
Page: https://openlegislation.uk/local-government-finance-payments-welsh-authorities-regulations-1990/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.