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(1)BID arrangements are to have effect for such period (not exceeding 5 years) as may be specified in the arrangements.
(2)BID arrangements may be renewed for one or more periods each of which must not exceed 5 years, but only if the renewal of the arrangements on that or each occasion is approved by a ballot.
(3)The renewal of BID arrangements is not to be regarded as approved by a ballot held for the purposes of subsection (2) unless the conditions which applied to the approval of the BID proposals (by virtue of section 40 and, where relevant, section 41) are satisfied in relation to the renewal of the arrangements.
(4)The Scottish Ministers may by regulations made by statutory instrument make provision—
(a)as to the alteration of BID arrangements, and
(b)as to the termination of BID arrangements.
(5)The provision which may be made by virtue of subsection (4)(a) or (b) includes provision preventing or restricting the alteration or early termination of BID arrangements.
(6)Nothing in subsection (5) is to be taken as limiting the power conferred by subsection (4).
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Text created by the Scottish Executive department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills
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