24XDisposal by local councils of equipment purchased from Fund

#### 24X Disposal by local councils of equipment purchased from Fund 24X Disposal by local councils of equipment purchased from Fund > > (1) A local council must not sell or dispose of any equipment purchased or constructed wholly or partly from money to the credit of the Fund without the written consent of the Commissioner. > > > (2) There is to be paid to the credit of the Fund— > > > > > (a) if the whole of the cost of the purchase or construction of any equipment was met by money to the credit of the Fund— > > > > > > > (i) an amount equal to the proceeds of sale of any such equipment, and > > > > > > > (ii) any amount recovered (whether under a policy of insurance or otherwise) in respect of the damage to, or destruction or loss of, any such equipment, and > > > > > (b) if a part only of the cost of the purchase or construction of any equipment was met by money to the credit of the Fund—an amount that bears to the amount that would be required by this subsection to be paid if the whole of that cost had been met by money to the credit of the Fund the same proportion as that part of the cost bears to the whole of that cost. > > **ss 24X:** Ins 2009 No 84, Sch 1.4 \[1\].