In section 40 of the M1Local Government Finance Act 1992 (issue of precepts by major precepting authorities) there shall be added at the end—

“(9)

Where the precepting authority is the Greater London Authority, this section shall have effect with the following modifications—

(a)

in subsection (2)(a), for the reference to sections 43 to 47 below there shall be substituted a reference to the appropriate Greater London provisions;

(b)

in subsection (3), for the reference to sections 43 to 47 below there shall be substituted a reference to the appropriate Greater London provisions;

(c)

in subsection (6), for the reference to item T in section 44(1) below there shall be substituted a reference to item T in section 88(2) of the Greater London Authority Act 1999; and

(d)

also in subsection (6), for the reference to item TP in section 45(3) below there shall be substituted a reference to item TP2 in section 89(4) of that Act.

(10)

In this section, the appropriate Greater London provisions means—

(a)

sections 85 to 90 of the Greater London Authority Act 1999 and section 47 below; or

(b)

in the case of calculations by way of substitute, sections 85, 86 and 88 to 90 of, and Schedule 7 to, that Act and section 47 below.”