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The Local Authorities (Alteration of Requisite Calculations and Funds) Regulations 1994
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- UK Statutory Instruments
- 1994 No. 246
- Regulation 5
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Calculation of budget requirement by major precepting authorities
5. The constituents of the calculation to be made under section 43(3) of the 1992 Act are altered by amending section 43 as follows—
(a)in subsection (3)(a), for the words “the 1988 Act; and” there shall be substituted the words “the 1988 Act, or (in the case of an authority in England) in respect of relevant special grant; and”; and
(b)after subsection (6), there shall be inserted the following subsection—
“(6A) For the purposes of subsection (3)(a) above relevant special grant is the grant specified in paragraph 4 of the special grant report approved by a resolution of the House of Commons pursuant to section 88B of the 1988 Act on 3rd February 1994.”.
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