Paragraph 8

England and Wales

In section 58 of that Act (capital expenditure and revenue account advances)—

(a)

in subsections (1) and (5), for the words “and on such terms" there shall be substituted the words “, carrying interest at such rates and on such other terms"; and

F1(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

and in section 61(1) the following words (to the same effect), that is to say, the words from “at a rate of interest" to the end shall be omitted.

Annotations

Textual amendments

F1: Sch. 3 para. 8(b) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 16; S.I. 2009/803, art. 10