SCHEDULES

SCHEDULE 32 Enterprise Zones

Part V Rates—Scotland

Grants to Compensate Rating Authorities for Loss of Revenue

34

1

F1For the financial year 1995-96,The Secretary of State shall make grants to rating authorities who lose revenue F1in respect of the non-domestic sewerage rate from exempt lands and heritages in consequence of the provisions of this Part of this Schedule.

2

Such grants shall be paid out of money provided by Parliament.

3

Such grants shall be paid at such times as the Secretary of State may, with consent of the Treasury, determine.

4

A grant to a rating authority under this paragraph shall be of such an amount as will fully compensate the authority for the lost revenue mentioned in sub-paragraph (1) above.