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Local Government Act 2003
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- 2003 c. 26
- Part 2
- Section 25
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Version Superseded: 03/12/2011
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- 18/11/2003- Amendment
- 27/11/2003- Amendment
- 13/12/2007
Point in time - 03/12/2011- Amendment
- 22/11/2012- Amendment
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25Budget calculations: report on robustness of estimates etcE+W
This section has no associated Explanatory Notes
(1)Where an authority to which section 32 or 43 of the Local Government Finance Act 1992 (billing or major precepting authority) or section 85 of the Greater London Authority Act 1999 (c. 29) (Greater London Authority) applies is making calculations in accordance with that section, the chief finance officer of the authority must report to it on the following matters—
(a)the robustness of the estimates made for the purposes of the calculations, and
(b)the adequacy of the proposed financial reserves.
(2)An authority to which a report under this section is made shall have regard to the report when making decisions about the calculations in connection with which it is made.
(3)In this section, “chief finance officer”, in relation to an authority, means the officer having responsibility for the administration of the authority’s financial affairs for the purposes of—
(a)section 151 of the Local Government Act 1972 (c. 70),
(b)section 73 of the Local Government Act 1985 (c. 51),
(c)section 112 of the Local Government Finance Act 1988 (c. 41),
(d)section 6 of the Local Government and Housing Act 1989 (c. 42), or
(e)section 127(2) of the Greater London Authority Act 1999.
Commencement Information
I1S. 25 in force at 18.11.2003 for E. by S.I. 2003/2938, art. 3(a) (with art. 8, Sch.)
I2S. 25 in force at 27.11.2003 for W. for the purpose of and in relation to financial years beginning on or after 1.4.2004 by S.I. 2003/3034, art. 2, Sch. 1 Pt. I
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