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Local Government Finance Act 1988

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Distribution of remaining balanceE+W

[F130(1)The Secretary of State may determine that an amount equal to the whole or part of the remaining balance on a levy account for a year is to be distributed among one or more relevant authorities (rather than being treated in accordance with paragraph 21(2)).

(2)The Secretary of State may by regulations make provision about the basis (“the basis of distribution”) on which an amount referred to in sub-paragraph (1) is to be distributed.

(3)If the Secretary of State makes a determination under sub-paragraph (1), the Secretary of State must calculate what amount (if any) falls to be paid to each relevant authority as its share of the amount referred to in that sub-paragraph.

(4)The calculations must be made—

(a)as soon as is reasonably practicable after the determination is made, and

(b)in accordance with the basis of distribution specified in the regulations.

(5)As soon as is reasonably practicable after making the calculations, the Secretary of State must notify each relevant authority of—

(a)whether a payment is to be made by the Secretary of State to the authority out of the amount referred to in sub-paragraph (1), and

(b)if such a payment is to be made, the amount of the payment.

(6)If the calculations show that a payment is to be made by the Secretary of State to a relevant authority, the Secretary of State must make that payment to the authority.

(7)A payment from the Secretary of State to a relevant authority under this paragraph must be made—

(a)at such time, or

(b)in instalments of such amounts and at such times,

as the Secretary of State determines with the Treasury’s consent; but any such time must fall within the year to which the remaining balance relates.]

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

Modifications etc. (not altering text)

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