(1)In Schedule 7B to the Act (local retention of non-domestic rates), in Part 1 (main non-domestic rating accounts), paragraph 2 (credits and debits) is amended as follows.
(2)For sub-paragraphs (3) and (4) substitute—
“(3)If a local government finance report for a year has been approved by resolution of the House of Commons, an amount may be—
(a)debited (as an item of account) to the main non-domestic rating account kept for the year, for use for the purposes of local government in England;
(b)credited (as an item of account) to the main non-domestic rating account kept for the year.
(4)The amount that may be debited under sub-paragraph (3)(a) for a year may not exceed the amount that would result in the aggregate mentioned in paragraph 3(1)(b) for the year exceeding the aggregate mentioned in paragraph 3(1)(a) for the year.”
(3)In sub-paragraph (5), in the words before paragraph (a), for “sub-paragraph (3)” substitute “sub-paragraph (3)(a)”.