SCHEDULES

SCHEDULE 20 Assistance by Way of Repurchase

Part II Price Payable and Valuation

The price

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1

The price payable for the acquisition of an interest in pursuance of this Part of this Act is 95 per cent. of the value of the interest at the relevant time.

2

In this Schedule “the relevant time” means the time at which the notice under paragraph 3 above (authority’s notice of proposed terms of acquisition) is served on the person entitled to assistance.