Article 3 Prescribed expenditure

For the purposes of Part VIII of the Local Government, Planning and Land Act 1980^f1 (prescribed expenditure) and notwithstanding section 80 of that Act, the only amount which any relevant council shall be taken to have paid in respect of the transfer by this order of any mortgage to which article 2 applies shall be equal to the amount of principal outstanding on the transfer date in respect of any advance made by the London Residuary Body.