[Part 5 Principal Payments in Connection with Local Retention of Non-Domestic Rates]
Local Government Finance Act 1988 (1988 c 41) | Legislation

[Part 5 Principal Payments in Connection with Local Retention of Non-Domestic Rates]

[Determination of payments

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(1)     The local government finance report for a year must specify the basis (“the basis of calculationâ€) on which the Secretary of State intends to—

(a)     calculate which relevant authorities are to make payments under this Part of this Schedule to the Secretary of State for the year,

(b)     calculate which relevant authorities are to receive payments under this Part of this Schedule from the Secretary of State for the year, and

(c)     calculate the amount of each payment within paragraph (a) or (b).

(2)     Before making the local government finance report for a year, the Secretary of State must notify such representatives of local government as the Secretary of State thinks fit of the general nature of the basis of calculation.

Calculations following local government finance report

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(1)     This paragraph applies if a local government finance report for a year is approved by resolution of the House of Commons.

(2)     As soon as is reasonably practicable after the report has been approved, the Secretary of State must—

(a)     calculate which relevant authorities are to make payments under

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