# The Local Government (Promotion of Economic Development) (Amendment) Regulations 1991, Regulation 4: Excluded activities


In Schedule 2—
(a) before the words “For the purposes”, there shall be inserted the numeral “1.”;
(b) after the words “regulation 5(1)” there shall be inserted “(a)”; and
(c) at the end there shall be inserted the following paragraph—
“2 (1) For the purpose of regulation 5(1)(b), the step is the disposal of land otherwise than by way of a short tenancy—
(a) for a consideration less than the best that can reasonably be obtained; or
(b) where the disposal is pursuant to a consent given by the Secretary of State under section 123 (disposal of land by principal councils) of the Local Government Act 1972 (“the 1972 Act”), otherwise than in accordance with that consent.
(2) In sub-paragraph (1), “short tenancy” has the same meaning as it has for the purposes of section 123 of the 1972 Act.”.

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Source: https://www.legislation.gov.uk/uksi/1991/473/regulation/4 (the official version)
Page: https://openlegislation.uk/local-government-promotion-of-economic-development-amendment-regulations-1991/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.