Winding up of fund allocated under section 22(3)(e)U.K.
30 Winding up of fund allocated under section 22(3)(e).U.K.
(1)In relation to any sum that is paid into the Distribution Fund under section 21(2) after 31st December 2000, section 22(3) shall have effect—
(a)with the omission of paragraph (e), and
(b)subject to any order under section 28 that takes effect after 31st December 2000, with the substitution of higher percentages for the percentages that on that date are specified in paragraphs (a) to (d) [F1and (f)].
(2)The higher percentages shall bear the same proportion to one another as the percentages for which they are substituted and shall amount in total to 100 per cent.
(3)The Secretary of State may by order substitute a later date for the date that is for the time being specified in subsection (1).
Textual Amendments
F1Words in s. 30(1)(b) inserted (2.7.1998) by 1998 c. 22, ss. 6(7)(9), 27(4).