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SCHEDULE 7E+W Transitional provisions: Capital finance

Part IIE+W

5.  Schedule 3 shall have effect as if—E+W

(a)paragraphs 1 to 9 were omitted;

(b)in paragraph 10(1), for the words “1st April 1990" wherever they appear, there were substituted the words “23rd November 1995";

(c)after paragraph 10(1) the following sub-paragraph were inserted—

(1A) Subject to the provisions of paragraphs 11, 12, 13 and 14 below, a National Park authority’s credit ceiling on 23rd November 1995 shall be nil;

(d)in paragraphs 11, 12, 13 and 14, for the words “1st April 1990" wherever they appear, there were substituted the words “23rd November 1995"; and

(e)in paragraph 15—

(i)in sub-paragraph (1), after the word “sub-paragraphs" there were inserted the word “(1A)", and after the word “principal" there were inserted the words “(“the principal amount")"; and

(ii)after sub-paragraph (1), the following sub-paragraph were inserted—

(1A) For the financial year commencing on 1st April 1995 the principal amount for a National Park authority shall be nil..