Local Government Finance Act 1992

[F152N No designation after nomination.E+W

(1)This section applies if the [F2Welsh Ministers] —

(a)[F3nominate] an authority under section 52D(2)(b) above, and

(b)[F4decide] to proceed under this section in relation to the authority.

(2)[F5They] shall determine an amount which [F6they propose] should be the notional amount calculated by the authority as its budget requirement for the year under consideration.

(3)In making the determination [F7they] shall take into account—

(a)the amount which [F8they] would have proposed as the maximum for the amount calculated by the authority as its budget requirement for the year under consideration if [F8they] had designated it as regards that year under section 52D(2)(a) above, and

(b)any information [F9they think] is relevant.

(4)[F10They] shall notify the authority in writing of—

(a)the amount determined under subsection (2) above;

(b)the amount mentioned in subsection (3)(a) above;

(c)any information taken into account under subsection (3)(b) above.

(5)Before the end of the period of 21 days beginning with the day it receives a notification under subsection (4) above an authority may inform the [F11Welsh Ministers] by notice in writing that, for reasons stated in the notice, it believes the notional amount stated under subsection (4)(a) above should be such as the authority states in its notice.

(6)After the end of the period mentioned in subsection (5) above the [F12Welsh Ministers] —

(a)shall, if [F13they receive] a notice under subsection (5) above, reconsider [F14their] determination under subsection (2) above (taking the notice into account);

(b)shall notify the authority in writing of the amount which is to be the notional amount calculated by the authority as its budget requirement for the year under consideration.

(7)A notification under subsection (6) above shall be treated as made at the beginning of the day on which the authority receives it.

(8)In applying this Chapter at any time after a notification is made under subsection (6) above of the amount which is to be the notional amount calculated by the authority as its budget requirement for a financial year, the amount calculated by the authority as its budget requirement for that year shall be taken to be the notional amount notified.]

Textual Amendments

F1Chapter 4A (ss. 52A-52Z) inserted (27.7.1999 with effect as mentioned in s. 30(2) of the amending Act.) by 1999 c. 27, s. 30(1), Sch. 1 para. 1

F2Words in s. 52N(1) substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 17(2)(a); S.I. 2011/2896, art. 2(i)

F3Word in s. 52N(1)(a) substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 17(2)(b); S.I. 2011/2896, art. 2(i)

F4Word in s. 52N(1)(b) substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 17(2)(c); S.I. 2011/2896, art. 2(i)

F6Words in s. 52N(2) substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 17(3)(b); S.I. 2011/2896, art. 2(i)

F8Word in s. 52N(3)(a) substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 17(4)(b); S.I. 2011/2896, art. 2(i)

F9Words in s. 52N(3)(b) substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 17(4)(c); S.I. 2011/2896, art. 2(i)

F10Word in s. 52N(4) substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 17(5); S.I. 2011/2896, art. 2(i)

F11Words in s. 52N(5) substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 17(6); S.I. 2011/2896, art. 2(i)

F12Words in s. 52N(6) substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 17(7)(a); S.I. 2011/2896, art. 2(i)

F13Words in s. 52N(6)(a) substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 17(7)(b)(i); S.I. 2011/2896, art. 2(i)