170Saving of policy areas and claims etc.

170 Saving of policy areas and claims etc. If an area of land was, immediately before the commencement date, a policy area within the meaning of the former Act or the Planning (Parking Space Contributions) Regulations 1990 saved under the former Act and any amendments to those Regulations under that Act: (a) that area is to be taken to be a policy area within the meaning of this Act; (b) the method of calculating the amount of a contribution determined under the former Act in respect of the area is to be taken to be a formula for calculation within the meaning of this Act; (c) all debts, money and claims, liquidated and unliquidated, that, immediately before that date, were due or payable to the local authority by virtue of section 29 or 145 of the former Act continue to be debts or money due or payable to and claims recoverable by the local authority; (d) any money due or payable to the local authority by virtue of section 29 or 145 of the former Act and paid after the commencement date is to be taken to be money received under section 72 of this Act and is to be dealt with in accordance with that section; and (e) a rate of interest payable, or a discount, declared under section 32 of the former Act, or a decision to remit or refund money, continues in force until revoked by resolution of the local authority.