# The Tir Mynydd (Wales) Regulations 2001, Regulation 14: Rate of interest


When the National Assembly recovers the whole or part of any payment made to a claimant, it may also recover interest thereon at the rate of one per cent above the sterling three months London interbank offered rate and that interest being calculated on a day to day basis for the period from payment to the claimant to recovery from the claimant, unless the sum recovered was paid to the claimant as a result of an error on the part of the National Assembly its servants or its agents.

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Source: https://www.legislation.gov.uk/wsi/2001/496/regulation/14 (the official version)
Page: https://openlegislation.uk/tir-mynydd-wales-regulations-2001/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.