C1C2Part 4Business improvement districts
Pt. 4 applied (with modifications) (E.) (2.12.2014) by The Business Improvement Districts (Property Owners) (England) Regulations 2014 (S.I. 2014/3204), regs. 1(1), 18(5)(b), 19(3)(b), Sch. 5 para. 1
Procedure
I1I250Approval in ballot
1
BID proposals are not to be regarded as approved by a ballot held for the purposes of section 49(1) unless two conditions are satisfied.
2
The first condition is that a majority of the persons voting in the ballot have voted in favour of the BID proposals.
3
The second condition is that A exceeds B.
4
A is the aggregate of the rateable values of each hereditament in respect of which a person voting in the ballot has voted in favour of the BID proposals.
5
B is the aggregate of the rateable values of each hereditament in respect of which a person voting in the ballot has voted against the BID proposals.
6
For the purposes of subsections (4) and (5), the rateable value of a hereditament is that shown on the day of the ballot under section 42(4) of the Local Government Finance Act 1988 (c. 41).
Pt. 4 modified (E.) by The Business Improvement Districts (England) Regulations 2004 (S.I. 2004/2443), reg. 1A, Sch. 5 (as inserted (7.4.2013) by S.I. 2013/2265, regs. 1, 3(2), Sch.)