3. The provisions of the Local Government Finance Act 1992 set out in Column (1) of Table 2 below shall have effect in relation to–
(a)the financial year beginning on 1st April 2000, and
(b)the exercise of functions under those provisions by the Receiver for the Metropolitan Police District,
subject to the adaptations set out in Column (2) of that Table.
| (1) | (2) |
|---|---|
| Provision | Adaptation |
| section 43(2)(a) | After “other than” insert “expenditure the authority estimates it will incur on or after 1st April 2000 and before 3rd July 2000 in performing transferred functions and” |
| section 43(2)(b) | After “year” add “but excluding any allowance the authority estimates will be appropriate for contingencies in relation to expenditure to be charged to a revenue account for the year and estimated to be incurred on or after 1st April 2000 and before 3rd July 2000 in performing transferred functions ” |
| section 43(2)(d) | After “provided for” insert “but excluding such financial reserves as are sufficient to meet so much of the amount estimated by the authority to be a revenue account deficit for any earlier financial year, arising out of the performance of the transferred functions, as has not already been provided for.” |
| section 43(3)(a)(1) | For “1988 Act; and” substitute “1988 Act; or” After sub-paragraph (iii) insert the following sub-paragraph: “(iv)in accordance with section 102 of the Greater London Authority Act 1999; and” |
| section 43(3)(b) | After “above” insert “ other than any financial reserves which the authority estimates that it will use in order to provide for the items mentioned in paragraphs (a) and (b) of subsection (2) above, in so far as they relate to the performance of transferred functions by the authority” |
| section 44(1) | In the definition of “P” delete “or police grant” |
| section 69(1) | After the definition of a “special levy” insert the following definition: ““transferred functions” means those functions of the Receiver for the Metropolitan Police District which will be performed by the Metropolitan Police Authority, or the Transport for London after 2nd July 2000 in accordance with the Greater London Authority Act 1999;” |
Section 43(3)(a) was amended by the Local Authorities (Alteration of Requisite Calculations and Funds) Regulations 1995 (S.I. 1995/234).