The Precept Limitation (Passenger Transport Authorities) (Prescribed Maximum) Order 1986

Whereas by virtue of section 68(6) of the Local Government Act 1985 the authorities listed in the Schedule to this Order are deemed to have been designated under section 2 of the Rates Act 1984 in relation to the financial year beginning on 1st April 1986;

And whereas the Secretary of State has served notice on each of those authorities pursuant to section 4(1) of the said Act of 1984 stating the maximum which he proposes to prescribe under section 1 of that Act for the precept issued by them for that year;

And whereas none of those authorities has accepted the maximum proposed by the Secretary of State within the period specified in the notice or agreed with him a different maximum;

And whereas a draft of this Order has been approved by resolution of the House of Commons:

Now, therefore, the Secretary of State, in exercise of the powers conferred on him by sections 1 and 4(4) of the Rates Act 1984, and of all other enabling powers, hereby makes the following Order:—