7. Section 88 of the 1999 Act(1) has effect as if —
(a)in subsection (2), in the definition of P1, paragraph (e) and the word “and” preceding it were omitted;
(b)after subsection (2) there were added the following subsection—
“(2A) In the definition of P1 in subsection (2) above—
(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.”;
(c)in subsection (3), for the words “In the definition of P1 in subsection (2) above” there were substituted the words “In that definition”; and
(d)in subsection (4) paragraph (d) and the word “and” preceding it were omitted.
Paragraph (e) of subsection (2) and paragraph (d) of subsection (4) of section 88 were omitted in relation to the financial year 2005/2006 by S.I. 2005/190.