Railways Act 1993 (c. 43)

SCHEDULES

SCHEDULE 6 E+W+S Railway administration orders

Modifications etc. (not altering text)

C1 Sch. 6 modified (18.12.1996) by 1996 c. 61, s. 19(2)(b)(4)(5)

Sch. 6 restricted (18.12.1996) by 1996 c. 61, s. 19(7)

Part I E+W+S Modifications of the 1986 Act

Power to deal with charged property E+W+S

5 (1) Section 15 of the 1986 Act (power to deal with charged property), as applied by this Part of this Schedule, shall have effect as follows. E+W+S

(2) In subsection (5)(b) (amount to be paid to chargeholder not to be less than open market value), for the words “in the open market by a willing vendor" there shall be substituted the words “ for the best price which is reasonably available on a sale which is consistent with the purposes of the railway administration order ”.