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(1)For the financial year which includes the commencement of this section and each subsequent financial year the Secretary of State shall notify—
(a)to each regulatory body the sum which he considers to be the appropriate contribution of that body, in respect of persons providing licensed services under licences granted by that body, towards the expenses of the BCC; and
(b)to the Welsh Authority the sum which he considers to be the appropriate contribution of that body towards such expenses.
(2)Each regulatory body and the Welsh Authority shall pay to the Secretary of State any sum notified to them under subsection (1).
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