Part 1Structural and boundary change in England
Chapter 2Control of disposals etc
I127Consideration to be taken into account for purposes of direction
1
In determining whether the limit specified in a direction by virtue of section 24(1)(a) is exceeded in the case of a disposal of land by a relevant authority, the consideration with respect to any other disposal of land made after 31 December 2006 by the relevant authority is to be taken into account.
2
In determining whether a limit specified in a direction by virtue of section 24(1)(b) or (c) is exceeded in the case of a contract entered into by a relevant authority (“the contract in question”), the consideration payable by the relevant authority under any other relevant contract shall be taken into account.
3
For the purposes of subsection (2) a “relevant contract” means a contract which is either or both—
a
a contract entered into after 31 December 2006 by the relevant authority and the person with whom the contract in question is entered into;
b
a contract entered into after that date by the relevant authority which relates to the same or a similar description of matter as that to which the contract in question relates.