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3. In respect of the financial year commencing on 1st April 1993 and each subsequent financial year, a regional council shall pay to the council of each district in their region such instalments on account of the liability referred to in subsection (5) of section 95 of the Act (liability to pay the amount produced in a district by the district council tax) as may be agreed between the regional council and the district council or, failing agreement, as may be determined by the Secretary of State, and such instalments shall be paid at such intervals (whether or not in that year) as may be so agreed or determined.
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