49 Reduction of resources element.E+W
(1)In any case where the Secretary of State makes an order under section 4 of the Local Government Act 19874 (orders varying rate support grant orders) he may make a frsh determination of the amount of the resources element of rate support grant payable to a local authority for the year to which the order relates as provided by this section.
(2)A determination under this section shall be made by multiplying the uniform rate for the area of a local authority by a multiplier of an amount less than unity.
(3)Different multipliers may be determined under this section for differnt authorities.
(4)The principles on which multipliers are determined under this section shall be specified in an order made by statutory instrument by the Secretary of State.
(5)The same principles shall be applies to every determination under this section of a multiplier for any year.
(6)An order under this section shall be laid before the House of Commons and shall not have effect until approved by a resolution of that House ; and no determination shall be made under this section until the order has effect.