Valid from 15/09/2003
[F172C Second exception: public-private partnershipE+W+S
(1)Section 72A does not prevent the appointment of an administrative receiver of a project company of a project which—
(a)is a public-private partnership project, and
(b)includes step-in rights.
(2)In this section “public-private partnership project” means a project—
(a)the resources for which are provided partly by one or more public bodies and partly by one or more private persons, or
(b)which is designed wholly or mainly for the purpose of assisting a public body to discharge a function.
(3)In this section—
“step-in rights” has the meaning given by paragraph 6 of Schedule 2A, and
“project company” has the meaning given by paragraph 7 of that Schedule.]
Textual Amendments
F1Pt. III Ch. IV (ss. 72A-72H) inserted (18.3.2003 for the purpose of giving effect to the insertion of s. 72H(2)-(5) and otherwise 15.9.2003) by 2002 c. 40, ss. 250(1), 279 (with s. 249(6)); S.I. 2003/765, art. 2, Sch.; S.I. 2003/2093, art. 2(1), Sch. 1 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))