Interpretation2

In this Order—

  • “the Act” means the Education Reform Act 1988;

  • “deemed borrowing” means the amount which, in accordance with article 3 of this Order, an inner London council shall be deemed to have borrowed from the LRB;

  • “ILEA” means the Inner London Education Authority;

  • “inner London council” means the council of an inner London borough or (in their capacity as a local authority) the Common Council of the City of London; and

  • “the LRB” means the London Residuary Body.