Budget requirement (Greater London Authority) - calculation

6.  Section 85 of the 1999 Act(1) has effect as if—

(a)in subsection (5)(a)(i) the words “relevant special grant,” were omitted; and

(b)after subsection (9) there were added the following subsection—

(10) In subsection (5)(a)—

(a)the reference to sums payable for the financial year in respect of redistributed non-domestic rates is a reference to sums so payable in accordance with the Local Government Finance Report (England) 2006/2007 approved by a resolution of the House of Commons pursuant to section 79(2) of, and paragraph 11(2) of Schedule 8 to, the Local Government Finance Act 1988 on 6th February 2006, and

(b)the reference to sums payable for the financial year in respect of revenue support grant is a reference to sums so payable in accordance with that report..

(1)

Section 85(5) was amended in relation to the financial year 2005/2006 by S.I. 2005/190.