{
  "url": "https://openlegislation.uk/policyholders-protection-act-1975-repealed/schedule-3/paragraph-3",
  "json_url": "https://openlegislation.uk/policyholders-protection-act-1975-repealed/schedule-3/paragraph-3.json",
  "legislation": "ukpga/1975/75",
  "legislation_title": "Policyholders Protection Act 1975 (repealed)",
  "legislation_url": "https://openlegislation.uk/policyholders-protection-act-1975-repealed",
  "path": "schedule/3/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "The Board may not impose a levy for the purpose of financing expenditure of any description unless—\n(a) the expenditure in question has already been incurred by the Board; or\n(b) it appears to the Board that the expenditure will be incurred within twelve months of the imposition of the levy.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1975/75/schedule/3/paragraph/3",
    "retrieved_at": "2026-10-29T10:35:29.949042+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}