(a)in sub-paragraph (a)(i), omit the words “for use” and “(“the relevant purpose”)”;
(b)in sub-paragraph (a)(ii) and sub-paragraph (d)(ii), omit the words “for the relevant purpose”; and
(c)substitute the following for sub-paragraph (e)—“e the first instalment of fees falls to be paid after the asset has started to be used;”
4Transactions for the provision of a capital asset and services#
In regulation 40—
(a)in paragraph (1), omit the words from “and” to the end; and
(b)in paragraph (2)(a) and paragraph (3)(b), omit the words “for the relevant purpose”.
5Capital receipts derived from disposals made to assist regeneration#
In regulation 86—
(a)in the definition of “relevant land” in paragraph (1), for the words in sub-paragraph (a) from “or within a ward” to the end of that sub-paragraph substitute the words “or was situated within a ward which had a boundary adjoining the boundary of such a ward and which is in the same local authority area; or”; and
(b)after paragraph (1) insert the following paragraph—“1A For the purposes of the definition of “relevant land” in paragraph (1), two wards are in the same local authority area if the land which, before 1st April 1994, comprised the wards is in the area of a single local authority.”
6Disposal of property under a private finance transaction#
In regulation 112, substitute the following paragraph for paragraph (1)—“1 In this regulation, “relevant arrangement” means a credit arrangement—a which is a private finance transaction for the purposes of Part IV of these Regulations; andb of which the initial cost falls to be determined under regulation 40, 41 or 42, or which is entered into in reliance on a supplementary credit approval which applies for the purposes of the transaction and for no other purposes.”
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