The Local Authorities (Funds) (Wales) Regulations 1992

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1. Introductory Text

2. 1. Citation, commencement and extent

3. 2. Interpretation

4. 3. Discharge of a billing authority’s liabilities

5. 4. Schedules of instalments

6. 5. Information on schedules of instalments

7. 6. Amendment of schedules of instalments

8. 7. Interest on amount of instalments

9. 8. Calculation of interest on amount of instalments

10. 9. Substitute calculations under section 32(4) of the 1992 Act

11. 10. Estimation of surpluses and deficits

12. 11. Apportionment of and liability for surpluses and deficits

13. 12. Discharge of a relevant major precepting authority’s liabilities

14. 13. Holdings and investments

15. 14. The 1989 Regulations

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       SCHEDULE 1

       RULES FOR DETERMINATION OF SCHEDULES OF INSTALMENTS

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          PART I PRINCIPAL AUTHORITIES

          1. 1. (1) A schedule of instalments so far as it relates...

          2. 2. Where the billing authority determines that 12 instalments are to...

          3. 3. Where the billing authority determines that more than 12 instalments...

          4. 4. (1) The schedule of instalments shall be determined so as...

          5. 5. Paragraph 4 shall not apply where paragraph 6 applies.

          6. 6. (1) This paragraph applies where a principal authority has issued...

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          PART II LOCAL PRECEPTING AUTHORITIES

          1. 7. A schedule of instalments so far as it relates to...

          2. 8. (1) The amount of a billing authority’s liability to each...

          3. 9. (1) At least one third of the amount of a...

          4. 10. (1) Instead of determining a schedule of instalments in accordance...

          5. 11. References in paragraphs 9 and 10 to a precept for...

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       SCHEDULE 2

       RULES FOR ESTIMATION AND APPORTIONMENT OF SURPLUSES AND DEFICITS

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          PART I ESTIMATION OF SURPLUSES AND DEFICITS

          1. 1. (1) A billing authority shall as regards the financial year...

          2. 2. (1) A billing authority shall as regards each financial year...

          3. 3. In this Part– “community charge benefits” means the benefits referred...

          4. 4. In this Part– (a) any reference to accounts being made...

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          PART II APPORTIONMENT OF SURPLUSES AND DEFICITS

          1. 5. (1) A billing authority shall calculate in accordance with this...

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       SCHEDULE 3

       PRESCRIBED INVESTMENTS

       1. The investments prescribed in this Schedule are–

17. Explanatory Note