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New Towns Act 1981

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Changes over time for: Section 66

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Changes to legislation:

New Towns Act 1981, Section 66 is up to date with all changes known to be in force on or before 28 January 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

66 Payments under ss. 63 and 65 treated as repayments. E+W

(1)The whole or part of any payment made to the Secretary of State under section 63 or section 65 above shall, if the Secretary of State with the Treasury’s approval so determines, be treated—

[F1(a)as made by way of repayment of such part of the principal of advances under section 58(1) above, and]

(b)as made in respect of the repayments due at such times, as may be so determined.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

(2)Any sum treated under subsection (1) as a repayment of a loan shall be paid by the Secretary of State into the National Loans Fund.

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