Regulations about calculation of safety net paymentsE+W
[F125(1)The Secretary of State may by regulations make provision for calculating—
(a)whether the Secretary of State is required to make a payment under this Part of this Schedule (a “safety net payment”) to a relevant authority for a year, and
(b)if so, the amount of the payment.
(2)The regulations must make provision for calculations for a year to be made after the end of that year.
(3)The regulations may, in particular, make provision for calculations in relation to a relevant authority to be made—
(a)if the relevant authority is a billing authority, by reference to the total payable to it in respect of the year under sections 43 and 45, subject to such adjustments as may be specified in the regulations;
(b)if the relevant authority is a major precepting authority, by reference to the total of the amounts payable in respect of the year under those sections to the billing authorities that are required to make payments to it for the year under regulations under paragraph 9, subject to such adjustments as may be specified in the regulations;
(c)by reference to payments of a kind specified in the regulations made to the authority by the Secretary of State;
(d)by reference to such other factors as may be specified in the regulations.
(4)The regulations may, in particular, make provision for adjustments to an amount calculated under provision made under sub-paragraph (3) by reference to changes affecting the calculation of such an amount for an earlier year but not taken into account in that calculation.]
Textual Amendments
F1Sch. 7B inserted (with effect in accordance with s. 1(6) of the amending Act) by Local Government Finance Act 2012 (c. 17), s. 1(4), Sch. 1