3(1)Section 78A (local government finance reports) is amended as follows.
(2)For the heading substitute “Requirement to specify determination in local government finance report”.
(3)In subsection (1) (duty to specify determination under section 78 in local government finance report), for the words from “a report” to “report)” substitute “the local government finance report for the year (as to which, see paragraph 5 of Schedule 7B)”.
(4)In subsection (2) (requirement for report to specify basis of distribution of grant to receiving authorities), for “A local government finance report” substitute “If the determination provides for grant to be paid to receiving authorities, the report”.
(5)In subsection (3), for “the report” substitute “a report to which subsection (2) applies”.
(6)Omit subsections (4) and (5) (duty to lay report before House of Commons and to send copies to receiving authorities).