This is the original version (as it was originally enacted).
5(1)This paragraph applies where—
(a)an amount submitted would, by virtue of paragraphs 1 to 4 above and apart from this paragraph, be the relevant amount in relation to a particular year and as regards a local authority,
(b)the Secretary of State and the authority agreed before 7 July 1988 that the authority’s total expenditure in relation to the year should be taken to be an amount different from the amount submitted, and
(c)their agreement was recorded in writing in a document despatched by the Secretary of State to the authority, or despatched by the authority and received by him, before 7 July 1988.
(2)In such a case the relevant amount is (in relation to the year and as regards the authority) the different amount recorded in the document.
(3)But where there is more than one different amount, by virtue of there being more than one agreement and document falling within sub-paragraph (1) above, the relevant amount is (in relation to the year and as regards the authority) the different amount recorded in the document which was the latest to be despatched by or received by the Secretary of State.
(4)In relation to the Receiver sub-paragraphs (1) to (3) above apply as if—
(a)“a local authority” read “the Receiver”,
(b)“the authority” (in each place) read “the Receiver”, and
(c)“the authority’s total expenditure in relation to the year” read “the Receiver’s total expenditure for the year”.
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