Designation of classes of hereditamentE+W
[40(1)The Secretary of State may by regulations—
(a)designate one or more classes of hereditaments in England (a “designated class”);
(b)provide for the calculation in accordance with the regulations, for each year for which the designation has effect and in relation to each billing authority whose area includes hereditaments within the designated class, of the amount mentioned in sub-paragraph (2);
(c)provide for the calculation of a proportion of that amount in accordance with the regulations;
(d)provide for that amount or that proportion to be disregarded for the purposes of calculations under any of the following provisions in its application to the authority for that year—
(i)paragraph 6 (payments in respect of the central share);
(ii)regulations under paragraph 7 (administrative arrangements for payments in respect of the central share);
(iii)regulations under paragraph 9 (payments by billing authorities to major precepting authorities);
(iv)regulations under paragraph 10 (administrative arrangements for payments by billing authorities to major precepting authorities);
(v)paragraph 13 (calculations following local government finance report);
(vi)paragraph 16 (calculations following amending report);
(vii)paragraph 23 (calculations of levy payments);
(viii)paragraph 26 (calculations of safety net payments);
(ix)regulations under paragraph 28 (calculations of payments on account);
(x)paragraph 30 (calculations relating to distribution of remaining balance).
(2)Subject as follows, the amount referred to in sub-paragraph (1)(b) is the total amount which, if the authority acted diligently, would be payable to it for the year under sections 43 and 45 in respect of the hereditaments within the designated class.
(3)The regulations may provide for that amount, or any proportion calculated under sub-paragraph (1)(c), to be adjusted in accordance with the regulations (and references in this paragraph to that amount or proportion include the amount or proportion as adjusted in accordance with such provision).
(4)The regulations may, in particular, provide for adjustments to that amount or that proportion by reference to changes affecting a calculation under regulations under this paragraph for an earlier year but not taken into account in that calculation.
(5)The regulations may include provision imposing duties or conferring powers on valuation officers (whether as regards determinations, certificates or otherwise) for the purpose of the calculation referred to in sub-paragraph (1)(c).
(6)The regulations—
(a)must specify the date on which the designation takes effect (which must be at the beginning of a year), and
(b)may specify the years for which the designation has effect.
(7)A class may be designated by regulations under this paragraph by reference to such factors as the Secretary of State thinks fit.
(8)Before making regulations under this paragraph the Secretary of State must consult such persons as the Secretary of State thinks fit.
(9)The fact that this paragraph was not in force when consultation in relation to proposed regulations under it took place is to be disregarded in determining whether there has been compliance with sub-paragraph (8).
(10)The consent of the Treasury is required to regulations under this paragraph.]