The National Assembly for Wales, makes the following Regulations, in exercise of the powers conferred upon the Secretary of State by section 116(1) of, and paragraph 9 of Schedule 1 to the Local Government Finance Act 1992 The power to make regulations under section 116(1) of, and paragraph 9 of Schedule 1 to the Local Government Finance Act 1992 in relation to Wales transferred from the Secretary of State to the National Assembly for Wales under article 2(a) of, and Schedule 1, to the National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672).