http://www.legislation.gov.uk/id/ukpga/1992/14/schedule/12

SCHEDULES

SCHEDULE 12 Payments to Local Authorities by Secretary of State: Scotland

Part II Non-Domestic Rating Accounts

Distributable amount

9

1

Before a financial year begins the Secretary of State shall estimate—

a

the aggregate of the items of account which will be credited to the account kept for that year; and

b

the aggregate of the items of account which will be debited to the account kept for that year under paragraphs 7(2)(b) and (c) and 8(3)(b) above.

2

In making any estimate under sub-paragraph (1) above the Secretary of State may make such assumptions as he thinks fit.

3

If the aggregate estimated under sub-paragraph (1)(a) above exceeds the aggregate estimated under sub-paragraph (1)(b) above the Secretary of State shall calculate the amount equal to the difference.

4

In any local government finance order in respect of that year the Secretary of State shall specify the amount arrived at under this paragraph (the distributable amount for the year).