5(1)Section 110 (financial arrangements while order is in force) is amended as follows.E+W
(2)In subsection (4), at the beginning insert “ If the interim management order is not made under section 102(7A), ”.
(3)After subsection (5) insert—
“(5A)The Secretary of State may by regulations make provision about how local authorities are to deal with any surplus in a case where the interim management order was made under section 102(7A).
(5B)In subsection (5A) “surplus” means any amount of rent or other payments collected or recovered as mentioned in subsection (3) that remains after deductions to meet relevant expenditure and any amounts of compensation payable as mentioned in that subsection.”
Commencement Information
I1Sch. 3 para. 5(1)(2) in force at 6.4.2018 by S.I. 2018/393, reg. 2(b)
I2Sch. 3 para. 5(3) in force at 3.11.2017 by S.I. 2017/1052, reg. 2(d)