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Local Government Finance Act 1988

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This is the original version (as it was originally enacted).

9(1) A special authority’s non-domestic rating multiplier for a chargeable financial year shall be such as is set for the year by the authority in accordance with this Part of this Schedule.

(2)The multiplier must be expressed as a figure in which a part of a whole (if any) is expressed to three decimal places only.

(3)The multiplier must be not less than the required minimum for the year and not greater than the required maximum for the year, where—

(a)the required minimum for the year is a figure equal to such proportion of the non-domestic rating multiplier for the year as is specified in an order made by the Secretary of State, and

(b)the required maximum for the year is a figure calculated in accordance with a formula specified in the order.

(4)An order under sub-paragraph (3) above in its application to a particular financial year (including an order amending or revoking another) shall not be effective unless it comes into force before 1 January in the preceding financial year.

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