- Draft legislation
This is a draft item of legislation. This draft has since been made as a Scottish Statutory Instrument: The Tenancy Deposit Schemes (Scotland) Regulations 2011 No. 176
18. Sums may be withdrawn from a designated account only for the following purposes—
(a)repayment of tenancy deposits in accordance with these Regulations;
(b)meeting the costs of the scheme from interest accrued;
(c)improving the quality of service provided by the scheme administrator from interest accrued, where the interest is surplus to that required to meet the costs of the scheme; and
(d)distributing, applying or investing interest accrued, where the conditions in regulation 19 are met.
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