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Local Government Finance Act 1987
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- UK Public General Acts
- 1987 c. 6
- SCHEDULE 2
- Paragraph 4
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4(1)For the purposes of paragraph 2(8) above DBG is the aggregate of the amount (if any) of block grant which the Secretary of State estimates will be payable to the authority for the relevant financial year, where the estimate—
(a)is made on the assumptions that the authority’s total expenditure in relation to the relevant financial year is equal to GRE × 1·09, and that the gross rateable value of its area is equal to RV,
(b)is made by reference to the contents of the relevant Report, and
(c)is made without taking into account the effect (if any) of sections 62 and 63 of the 1980 Act (adjustments).
(2)For the purposes of paragraph 2(8) above and sub-paragraph (1) above EL, BG, RV and GRE have the same meanings as in paragraph 6 below.
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