- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Assets of Community Value (England) Regulations 2012 No. 2421
2. A local authority must as soon as practicable after receiving information that enables it to do so make the following amendments to an entry on the list—
(a)add to the entry—
(i)the information that, during the six weeks beginning with the date of receipt of a notice under section 95(2) of the Act in respect of any of the land to which the entry applies, it has received a request from a community interest group with a local connection to be treated as a potential bidder in relation to land to which the notice relates;
(ii)the name of that community interest group; and
(iii)that restrictions on entering into a relevant disposal of the land to which the notice relates continue to apply during the six months beginning with the date the notice was received, but at the end of that six months will then not apply for a further twelve months;
(b)amend or, as the case may be, remove the entry so as to exclude any of the land that has since it was included in the list been the subject of a relevant disposal other than one referred to in section 95(5) of the Act; and
(c)remove the entry if—
(i)an appeal against listing is successful, or
(ii)the authority for any reason no longer considers the land to be land of community value.
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