3.—(1) The distributable amount of non-domestic rate income arrived at under paragraph 9 of Schedule 12 to the Local Government Finance Act 1992 in respect of the financial year 2007–2008 is £1,859,727,000.
(2) The local authorities among whom the distributable amount of non-domestic rate income is distributed in respect of the financial year 2007–2008 are specified in column 1 of Schedule 1.
(3) The amount of non-domestic rate income distributed to each local authority specified in column 1 of Schedule 1 in respect of the financial year 2007–2008 shall be that part of the distributable amount for that year determined in relation to that local authority set out in column 3 of that Schedule opposite the name of that local authority.