SCHEDULES

SCHEDULE 15 E+W Superseded Contributions, Grants, Subsidies, &c.

Part IV E+W Town Development Subsidy

Payments to receiving authority E+W

4 (1) Where transitional town development subsidy is payable, the sending authority shall for each year pay to the receiving authority four times the amount of the sending authority’s transitional town development subsidy attributable to dwellings of the receiving authority which are available in that year for tenants from the sending authority. E+W

(2) The payments are for the credit of the receiving authority’s general rate fund.