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The Local Authorities (Funds) (England) Regulations 1992
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- UK Statutory Instruments
- 1992 No. 2428
- Regulation 4
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There are currently no known outstanding effects for The Local Authorities (Funds) (England) Regulations 1992, Section 4.
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Schedules of instalmentsE+W
4.—(1) A billing authority shall determine a schedule of instalments in relation to each financial year beginning in or after 1993.
(2) A billing authority shall determine a schedule of instalments under paragraph (1) before 31st January in the financial year preceding that to which the schedule will relate.
(3) Subject to paragraph (4), a billing authority shall determine a schedule of instalments in accordance with the rules prescribed in Schedule 1 to these Regulations.
(4) Where each relevant major precepting authority agrees before 31st January in the financial year preceding that to which a billing authority’s schedule of instalments will relate, a billing authority may determine a schedule of instalments otherwise than in accordance with one or more of the rules prescribed in paragraphs 1 to 5 of Schedule 1 to these Regulations, if the schedule satisfies the conditions specified in the following paragraph.
(5) For the purposes of paragraph (4) and regulation 6(4) the conditions are that the schedule of instalments requires payments or transfers in at least two instalments the total of which will discharge the billing authority’s liabilities within the financial year to which it relates.
Modifications etc. (not altering text)
C1Regs. 4-6 excluded (29.12.1994) by The Local Government Changes for England (Collection Fund Surpluses and Deficits) Regulations 1994 (S.I. 1994/3115), regs. 1, 2
Commencement Information
I1Reg. 4 in force at 4.11.1992, see reg. 1(1)
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