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The Local Government Finance (Payments) (English Authorities) Regulations 1992
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- UK Statutory Instruments
- 1992 No. 2996
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations revoke and replace the Local Government Finance (Payments) (English Authorities) Regulations 1990.
These Regulations apply where the Secretary of State is liable under the Local Government Finance Act 1988 (“the Act”) to make payments to a receiving authority in England and the receiving authority is at the same time liable under the Act to make payments to the Secretary of State.
Regulation 2 provides that where the Secretary of State and a receiving authority are liable at the same time to make payments to each other under the provisions referred to in section 141(7) or (8) of the Act, the payer may set off against the amount he pays the amount which is liable to be paid to him.
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