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The Less Favoured Area Support Scheme (Scotland) Regulations 2001
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- Scottish Statutory Instruments
- 2001 No. 50
- Regulation 14
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Rate of interest
14. Where the Scottish Ministers intend to recover on demand the whole or any part of a payment of less favoured area support pursuant to regulation 13, unless the sum recovered is paid as a result of their own error, interest shall be charged thereon at the rate of one percentage point above the sterling three month London Interbank Offered Rate on a day-to day basis for the period from payment to recovery.
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