Transitional reductions for debt-free authorities
This section has no associated Explanatory Memorandum
13. In regulation 21 of the Principal Regulations (transitional reductions for debt-free authorities)—
(a)at the beginning of paragraph (1), there shall be inserted “Subject to paragraph (1A),”;
(b)after paragraph (1), there shall be inserted—
“(1A) This regulation does not apply to a capital receipt derived from a Social HomeBuy disposal.”; and
(c)in paragraph (2), for “regulations 14 to 20”, there shall be substituted “regulations 14 to 20A”.