SCHEDULES

SCHEDULE 15E+W Superseded Contributions, Grants, Subsidies, &c.

Part IVE+W Town Development Subsidy

Transitional town development subsidyE+W

1(1)Transitional town development subsidy is payable each year, subject to the following provisions of this Part of this Schedule, to a sending authority to whom town development subsidy under section 9 of the M1Housing Finance Act 1972 was payable for the year 1974-75; and the amount of the subsidy, subject to the following provisions of this Schedule, is the amount of town development subsidy payable to the authority for the year 1974-75.E+W

(2)The subsidy is payable for the credit of the sending authority’s general rate fund.

Marginal Citations