The Billing Authorities (Alteration of Requisite Calculations and Transitional Reduction Scheme) (England) Regulations 1993

Calculation of budget requirement

3.—(1) The constituents of the calculation to be made under subsection (3) of section 32 of the 1992 Act(1) are altered by amending paragraph (b) of that subsection as follows–

(a) for the words “section 98(4)”, in the first place where they occur, there shall be substituted “subsection (4) of section 98”; and

(b) for the words following “revenue account for the year” there shall be substituted

“other than any amounts which it estimates will be so transferred–

(i) pursuant to the directions under that subsection made on 12th October 1992, and

(ii) in the case of the Common Council, pursuant to a later direction under that subsection in respect of an amount calculated by reference to the provisional amount of its non-domestic rating contribution under Part II of Schedule 8 to that Act; and ‘”(2).

(2) In consequence of the amendments made by paragraph (1) above, regulation 3(2) of the Billing Authorities (Alteration of Requisite Calculations) (England) Regulations 1992(3) is hereby revoked.

(1)

Section 32 of the 1992 Act is amended by S.I. 1992/2429.

(2)

The references to section 98(4) and Part II of Schedule 8 are references to section 98(4) of, and Part II of Schedule 8 to, the Local Government Finance Act 1988 (c. 41); section 98(4) is amended by the 1992 Act, Schedule 10, paragraph 23; Part II of Schedule 8 is amended by the Local Government and Housing Act 1989 (c. 42), Schedule 5, paragraph 42, and the 1992 Act, Schedule 10, paragraph 6 and Schedule 13, paragraph 86. The “Common Council” is defined by section 69(1) of the 1992 Act as the Common Council of the City of London.

(3)

S.I. 1992/2429.