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Budget requirement (Greater London Authority) - calculation
This section has no associated Explanatory Memorandum
7. Section 85 of the 1999 Act has effect as if—
(a)in subsection (5)(a)(i)(), the words “relevant special grant,” were omitted; and
(b)after subsection (9)() 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) 2010/2011 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 3rd February 2010, 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.”.
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