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The National Assembly for Wales makes the following Regulations in exercise of the power given to the Secretary of State by section 32(9) and 33(4) of the Local Government Finance Act 1992[1] which is now vested in the National Assembly for Wales so far as exercisable in Wales[2]. Name, commencement and application 1. - (1) The name of these Regulations is the Local Authorities (Alteration of Requisite Calculations) (Wales) Regulations 2002 and they shall come into force on 28th February 2002. (2) These Regulations have effect in relation to the financial year beginning on 1st April 2002 and apply to Wales only. Relevant special grant 2. For subsection (12) of section 32 of the Local Government Finance Act 1992 there is substituted -
(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. Notes: [1] 1992 c.14. Subsection (12) of section 32 was inserted by S.I. 1995/234 and substituted, in relation to the financial year beginning on 1st April 2001, by S.I. 2001/559.back [2] See the National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672).back
ISBN 0 11090434 6
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