SCHEDULE 2Elements of Rate Support Grants

PART IIIThe Resources Element

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(1)

In relation to the resources element, the rateable value per head of population of the area of a local authority for any year shall be determined by—

(a)

ascertaining the aggregate of die effective rateable values of all the hereditaments in the area of the authority, including any hereditament which, by virtue of any enactment, any body is to be treated as occupying in that area ; and

(b)

dividing the aggregate figure so ascertained by the population of the authority's area, determined for that year in accordance with regulations made by the Secretary of State.

(2)

For the purposes of sub-paragraph (1) above," effective rateable value ", in relation to any hereditament, means such value as may be determined in accordance with regulations made by the Secretary of State; and any such regulations may make different provision in relation to different types of hereditament.