UK Parliament / Open data

Business Rate Supplements Bill

I am sorry. I gave a very abstract answer to that specific set of questions. My understanding is that the prospectus has to cover a number of different contingencies. It has to set out what would happen if things went awry in different ways, and I think that it would have to spell out how a major contributor going bust under those circumstances would be dealt with. Paragraph 23 of Schedule 1 says that there must be a contingency process for dealing with unforeseen circumstances. I think that we discussed refunds at one point, which is part of the notion of contingency. I sense that if things reached a critical stage, the prospectus might have to be revisited and varied in terms of the project. Therefore, those sorts of circumstances would certainly be covered. I hope that that is of more help to the noble Lord.
Type
Proceeding contribution
Reference
710 c550GC 
Session
2008-09
Chamber / Committee
House of Lords Grand Committee
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