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The Local Authorities (Funds) (England) Regulations 1992
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- 1992 No. 2428
- SCHEDULE I
- PART II
- Regulation 11
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11. The schedule of instalments shall be determined so as to provide that if—
(a)a relevant local precepting authority issues a substitute precept for a financial year which is greater that the amount of the previous precept to be issued or the last one to be issued, and
(b)that substitute precept was issued on or after the last day of a 1 or 3 month period which is prescribed in paragraph 9 or 10 and which applies to that relevant local precepting authority in that financial year, the difference between the liability in respect of that substitute precept and the liability in respect of the previous precept to be issued or the last one to be issued shall not be taken into account for the purpose of determining the amount of the liability to that relevant local precepting authority to be paid in that 1 or 3 month period.
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