Right to Buy – Modelling of Receipts Sample Clauses

Right to Buy – Modelling of Receipts. Appendix 2 shows initial modelling undertaken to demonstrate how the elements of the RTB receipt (detailed in per 9.7 above) would be split, depending on various levels of sales. This initial modelling indicates that, assuming average gross RTB receipts of £116,000, there would need to be approximately 19 sales before any receipts would be available for re-provision. The last three rows in the table in Appendix 2 show the impact of retaining receipts for re-provision, in terms of demonstrating that the money has been spent in accordance with the terms of the agreement with the Secretary of State: (1) Spend on re-provision to be demonstrated within 3 yrs (2) Other RTB receipts retained by LA (b+ci)
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