SCHEDULES

SCHEDULE 6Amendments of financial provisions relating to schemes

Part 2Amendments of Schedule 23 to the Greater London Authority Act 1999

Application of net proceeds

I110

1

Paragraph 16 is amended as follows.

2

In sub-paragraph (1)—

a

omit “which comes into force during the period of ten years beginning with the inception of the Authority”;

b

omit “during the scheme's initial period”.

3

After sub-paragraph (1) insert—

1A

Sub-paragraph (1) above is subject to paragraph 18(1A) and (1B) below.

4

Omit sub-paragraphs (2) to (4).

5

In sub-paragraph (6) for “(1) to (5)” substitute “(1) and (5)”.

6

Omit sub-paragraph (7).

I211

In paragraph 17, omit sub-paragraphs (1), (2) and (6).