(This note is not part of the Regulations)
Sections 32 and 33 respectively of the Local Government Finance Act 1992 (“the Act”) set out how a billing authority is to calculate its budget requirement and the basic amount of its council tax for a financial year.
These Regulations amend the definition of “relevant special grant” in section 32(12) of the Act for the financial year beginning on 1st April 2002 in relation to Wales only. The definition is relevant to the operation of both section 32 and section 33.
A copy of the report to which reference is made in these Regulations may be obtained from the National Assembly for Wales.