[F152R Acceptance of maximum amount.E+W
(1)This section applies if—
(a)an authority designated under section 52M above informs the Secretary of State by notice in writing under subsection (8)(b) of that section, or
(b)an authority designated under section 52P above informs the Secretary of State by notice in writing under subsection (8)(b) of that section.
(2)As soon as is reasonably practicable after he receives the notice the Secretary of State shall serve on the authority a notice stating the amount which the amount calculated by it as its budget requirement for the year is not to exceed; and the amount stated shall be that stated in the notice under section 52M(4)(b) or 52P(4)(b) above (as the case may be).
(3)When he serves a notice under subsection (2) above on a precepting authority the Secretary of State shall also serve a copy of it on each billing authority to which the precepting authority has power to issue a precept.]
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