joint police authoritymeans— (a) a metropolitan county police authority constituted in accordance with the provisions of Part IV of the Local Government Act 1985;
new police authoritymeans a police authority established under section 3 of the 1964 Act (as substituted by section 2 of the 1994 Act) for a police area;
old police authoritymeans, in relation to a new police authority, the police authority which is superseded by the new police authority.”
police excluded credit arrangementsmeans any credit arrangements excluded by regulations made under paragraph 11(2) of Schedule 3 to the Act entered into in respect of land, goods or services held or used for police authority functions. 10C In paragraphs 10A and 10B above “the 1964 Act” means the Police Act 1964;
relevant landmeans any land other than land which, if acquired by a local authority, would be a house, dwelling or other property to which section 74(1) would apply;
relevant leasemeans a lease which, at the time when the authority became the lessees, was a lease falling within paragraph (6) or (7) above;
relevant valuemeans the value of the lessor’s interest in the land as estimated by the authority before they become the lessees— (a) on the assumption that they will become the lessees under the current lease, and (ii) according to the statement of practice most recently published by the Royal Institution of Chartered Surveyors on the valuation of property for company accounts. 5F This paragraph applies to a lease of land where— a the term of the lease does not exceed seven years;
the 1964 Actmeans the Police Act 1964;
the 1994 Actmeans the Police and Magistrates' Courts Act 1994;
the Commencement Ordermeans the Police and Magistrates' Courts Act 1994 (Commencement No. 5 and Transitional Provisions) Order 1994;
the relevant timemeans the time when the authority’s interest in a relevant lease ceases other than by reason of the expiry of the term of that lease.”