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Repayment of advance by Commissioners.
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20.—(1) The advance by the Commissioners with interest thereon at the rate to be fixed by the Minister for Finance shall be repaid by the payment by the county councils in accordance with this section to the Commissioners of an annual sum of such amount as shall be fixed by the Minister for Finance and such annual sum shall be so payable for the thirty-five local financial years next after the 31st day of March following the date of the final award.
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(2) The annual sum payable by the county councils to the Commissioners under this section in any local financial year shall be paid as follows, that is to say:—
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(a) each of the county councils shall pay to the Commissioners the difference between the sum required by this Act to be raised by such county council in that local financial year by means of the drainage rate and the sum required by this Act to be paid by such county council in that local financial year to the Barrow Drainage Board for the maintenance of the drainage works, and
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(b) the balance of such annual sum over and above the total of the sums payable under the foregoing paragraph shall be paid by the respective councils of the counties concerned out of their respective county funds in the proportions in which such counties are stated in the final award to be liable to contribute to the repayment of the advance by the Commissioners.
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(3) Every payment required by this section to be made by a county council to the Commissioners in any local financial year shall be so paid by two equal moieties payable on the 30th day of September and the 31st day of March respectively in such local financial year.
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(4) The final award shall operate and be expressed to charge on the county fund of each of the counties concerned every sum payable by the council of such county to the Commissioners under this section out of the moneys to be raised by such county council by means of the drainage rate and to charge on the county fund of each of the counties concerned every sum payable by the council of such county to the Commissioners under this section out of such county fund.
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