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Citation, commencement and interpretation

1.—(1) This Order may be cited as the Rates (Regional Rates) (No. 2) Order (Northern Ireland) 2001 and shall come into operation on 1st April 2001.

(2) In this Order—

“specified hereditament” means a hereditament of a type specified under Article 3 of the New Valuation List (Time and Class of Hereditaments) Order (Northern Ireland) 1995(1);

“unspecified hereditament” means a hereditament which is not a specified hereditament.

Regional rate

2.  The regional rates for the year ending 31st March 2002 shall be 30·42 pence in the pound in respect of specified hereditaments and 192·95 pence in the pound in respect of unspecified hereditaments.

Reduction of regional rate on dwellings

3.  The amount by which the normal regional rate fixed for the year ending on 31st March 2002 under Article 2 is to be reduced in respect of unspecified hereditaments for the purposes of paragraphs (2) and (3) of Article 27 of the Rates (Northern Ireland) Order 1977 shall be 69·15 pence.

Revocation

4.  The Rates (Regional Rates) Order (Northern Ireland) 2001(2) is hereby revoked.

Sealed with the Official Seal of the Department of Finance and Personnel on 28th February 2001.

L.S.

V. N. Hewitt

A Senior Officer of the

Department of Finance and Personnel