1 Citation, commencement and interpretation
1 This Order may be cited as the Rates (Regional Rates) Order (Northern Ireland) 2003 and shall come into operation on 1st April 2003.
2 In this Order –
“specified hereditament” means a hereditament of a class specified by Article 3 of the New Valuation List (Time and Class of Hereditaments) Order (Northern Ireland) 2000;
“unspecified hereditament” means a hereditament which is not a specified hereditament.
S.R. 2000 No. 342

2 Regional Rate
The regional rate to be levied for the year ending 31st March 2004 shall be 25·56 pence in the pound in respect of specified hereditaments and 205·83 pence in the pound in respect of unspecified hereditaments.

3 Reduction of regional rate on dwellings
The amount by which the normal regional rate fixed for the year ending on 31st March 2004 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 65·41 pence.
Sealed with the Official Seal of the Department of Finance and Personnel on 14th February 2003.
Brian McClure A senior officer of the Department of Finance and Personnel