This section has no associated Explanatory Notes
5(1)Section 15 of the 1986 Act (power to deal with charged property), as applied by this Part of this Schedule, shall have effect as follows.U.K.
(2)In subsection (5)(b) (amount to be paid to chargeholder not to be less than open market value), for the words “in the open market by a willing vendor” there shall be substituted the words “ for the best price which is reasonably available on a sale which is consistent with the purposes of the PPP administration order ”.
Commencement Information
I1Sch. 14 para. 5 in force at 15.7.2003 by S.I. 2003/1920, art. 2(b)