9E+WIn section 119 (management schemes and accounts), after subsection (4) insert—
“(4A)Subsection (4)(f) and (g) does not apply in a case where the final management order was made under section 113(3A) or (6A).
(4B)The Secretary of State may by regulations make provision about how local authorities are to deal with any surplus in a case where the final management order was made under section 113(3A) or (6A).
(4C)In subsection (4B) “surplus” means any amount of rent or other payments that the authority have collected or recovered, by virtue of this Chapter, that remains after deductions to meet relevant expenditure and any amounts of compensation payable as mentioned in subsection (2)(d).”
Commencement Information
I1Sch. 3 para. 9 in force at 3.11.2017 by S.I. 2017/1052, reg. 2(e)