Prospective
36Alternative financial arrangementsE+W
(1)Regulations may, in such cases or circumstances and subject to such conditions as may be specified, require or permit a local authority to enter into alternative financial arrangements of a specified description with an adult.
(2)“Alternative financial arrangements” means arrangements which in the Secretary of State's opinion—
(a)equate in substance to a deferred payment agreement or an agreement of the kind mentioned in section 34(8), but
(b)achieve a similar effect to an agreement of the kind in question without including provision for the payment of interest.
(3)The regulations may make provision in connection with alternative financial arrangements to which they apply, including, in particular, provision of the kind that may (or must) be made in regulations under section 34 or 35 (apart from provision for the payment of interest).