Calculation of budget requirement (billing authorities)2

Section 32 of the 1992 Act has effect as if—

a

in subsection (3)(a)3 the words “or relevant special grant” were omitted; and

b

after subsection (12) there were inserted the following subsection—

12A

In this section and section 33 below—

a

references to sums payable for the financial year in respect of redistributed non-domestic rates are references to sums so payable in accordance with the Local Government Finance Report (No.1) 2006-2007 (Final Settlement — Councils) published by the National Assembly for Wales pursuant to section 84G(4) of the Local Government Finance Act 19884 on 14 December 2005; and

b

references to sums payable for the financial year in respect of revenue support grant are references to sums so payable in accordance with that report.