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Rates (Amendment) Act (Northern Ireland) 2009

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This is the original version (as it was originally enacted).

Temporary power to make grants to councils relating to maximum or minimum capital value changes

This section has no associated Explanatory Notes

15.—(1) The Department may, in respect of the years ending on 31st March 2010 and 31st March 2011, make grants to district councils of such part of the relevant amount as the Department thinks fit.

(2) In subsection (1) “the relevant amount”, in relation to a year ending on 31st March 2010 or on 31st March 2011, means an amount equal to the difference between—

(a)the amount of the product of the district rate in that year, and

(b)the amount which, but for regulations made under Article 18 of the principal Order, would have been the amount of that product.

(3) In subsection (2) “product” and “district rate” have the same meaning as in the principal Order.

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