SCHEDULES

SCHEDULE 20 Assistance by Way of Repurchase

Part I The Agreement to Repurchase

Authority’s notice of proposed terms

3

The purchasing authority shall, within the period of three months beginning with the making of a request under paragraph 2, serve on the person so entitled a notice in writing specifying the proposed terms and conditions and stating—

a

their opinion as to the value of the interest to be acquired, and

b

the effect of the following provisions of this Part of this Schedule.