The Local Authorities (Alteration of Requisite Calculations) (England) Regulations 2008

Budget requirement (Greater London Authority) - calculation

7.  Section 85 of the 1999 Act has effect as if—

(a) in subsection (5)(a)(i)(1), the words “relevant special grant,” were omitted; and

(b) after subsection (9)(2) there were added the following subsection—

“(9A) In subsection (5)(a)—

(a) the reference to sums payable for the financial year in respect of redistributed non-domestic rates is a reference to sums so payable in accordance with the Local Government Finance Report (England) 2008/2009 approved by a resolution of the House of Commons pursuant to section 79(2) of, and paragraph 11(2) of Schedule 8 to, the Local Government Finance Act 1988 on 4th February 2008, and

(b) the reference to sums payable for the financial year in respect of revenue support grant is a reference to sums so payable in accordance with that report.”.

(1)

Section 85(5)(a)(i) was amended in relation to the financial year beginning on 1st April 2007 by S.I. 2007/227 and in relation to financial years beginning on or after 30 October 2007 by section 12 of the Greater London Authority Act 2007 (c.24).

(2)

Section 85(9) was substituted by paragraph 70 of Schedule 7 to the Local Government Act 2003, amended in relation to the financial year beginning on 1st April 2007 by S.I. 2007/227 and amended in relation to financial years beginning on or after 30 October 2007 by section 12 of the Greater London Authority Act 2007. In relation to financial years beginning on or after 30 October 2007 section 12 of the Greater London Authority Act 2007 also inserted subsections (10) to (15) after section 85(9).