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4.—(1) The amount of the resources element of the general grant payable to a district council for any financial year shall be determined in accordance with regulations.
(2) Regulations under this Article may in particular make provision –
(a)for the amount mentioned in that paragraph to be calculated by reference to a formula;
(b)for determining the manner in which and time at which such calculation is to be made;
(c)for determining the person by or to whom any information required for the purpose of that calculation is to be given and the time at which and form in which it is to be given.
(3) The formula may be such that the amount of the resources element payable to a council is nil.
(4) For the purposes of this Article “formula” includes methods, principles and rules of any description.
(5) Regulations under this Article may contain –
(a)any supplementary, incidental or consequential provision,
(b)any transitional or saving provision,
(c)any provision for a person to exercise a discretion in dealing with any matter,
which the Department considers appropriate.
(6) Regulations shall not be made under this Article unless a draft of the regulations has been laid before, and approved by a resolution of the Assembly.
(7) Before making any regulations under this Article the Department shall consult –
(a)such district councils; and
(b)such other interested bodies or persons,
as the Department considers appropriate.
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