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Local Government Finance Act 1988

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[F184KPayment of grant to receiving authoritiesE+W

(1)The [F2Welsh Ministers] shall pay any sum calculated under [F3section 84J(1)] as falling to be paid by way of revenue support grant to a receiving authority in instalments of such amounts, and at such times in the financial year for which the grant is payable, as the [F4Welsh Ministers] may determine.

(2)Where the [F5Welsh Ministers make] a calculation [F6by virtue of section 84J(2)] that shows an increase in the sum that falls to be paid to a receiving authority, the [F7Welsh Ministers] shall pay the authority a sum equal to the difference.

(3)Payment under subsection (2) shall be at such time, or in instalments of such amounts and at such times, as the [F8Welsh Ministers] may determine, subject to subsection (4).

(4)The time for payment under subsection (2) must be after the end of the financial year for which the grant is payable.

(5)Where the [F9Welsh Ministers make] a calculation [F10by virtue of section 84J(2)] that shows a decrease in the sum that falls to be paid to a receiving authority, the authority shall pay to the [F11Welsh Ministers] a sum equal to the difference.

(6)The time for payment under subsection (5) shall be such day after the end of the financial year for which the grant is payable as the [F12Welsh Ministers] may specify.]

Textual Amendments

F1Pt. 5 Ch. 3 inserted (27.11.2003 for the purpose of and in relation to financial years beginning on or after 1.4.2004) by Local Government Act 2003 (c. 26), s. 128(4)(e), Sch. 2 para. 1 (with s. 40(2)); S.I. 2003/3034, art. 2, Sch. 1 Pt. I

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