Statutory Instrument 1992 No. 287

The Local Government Finance (Additional Grant) (England) Regulations 1992

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© Crown Copyright 1992

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1992 No. 287

LOCAL GOVERNMENT, ENGLAND AND WALES
FINANCE

The Local Government Finance (Additional Grant) (England) Regulations 1992

The Secretary of State, in exercise of the powers conferred on him by section 95(8) of the Local Government Finance Act 1988^[1], and of all other powers enabling him in that behalf, hereby makes the following Regulations:

Citation and commencement
    1.    These Regulations may be cited as the Local Government Finance (Additional Grant) (England) Regulations 1992 and shall come into force on 20th February 1992.

Calculations to be made by authorities
    2.    The constituents of the calculation to be made under section 95(3) of the Local Government Finance Act 1988 are altered by adding after paragraph (c) the following item—
"(d) any amount which it estimates will be transferred from its collection fund to its general fund or the City fund (as the case may be) under section 98(1) below and credited to a revenue account for the year." .

Michael Heseltine

Secretary of State for the Environment

19th February 1992

Section 95 of the Local Government Finance Act 1988 sets out the calculations to be made by charging authorities, before the start of a financial year, in respect of their estimates of expenditure and income for that year. Regulation 2 alters that section by requiring such an authority to take into account any additional grant which it estimates will be transferred from its collection fund to its general fund or the City fund under section 98(1) of that Act.

[1] 1988 c. 41; section 95 was amended by the Local Government and Housing Act 1989 (c. 42), Schedule 5, paragraph 63. back