1995 No. 2910
The Local Authorities (Funds) (England) (Amendment) Regulations 1995
Made
Laid before Parliament
Coming into force
The Secretary of State, in exercise of the powers conferred on him by sections 99(1) and (2), 140(4), and 143(1) of the Local Government Finance Act 19881 and of all other powers enabling him in that behalf, hereby makes the following Regulations:—
Citation, commencement and extent1
1
These Regulations may be cited as the Local Authorities (Funds) (England) (Amendment) Regulations 1995 and shall come into force on 4th December 1995.
2
These Regulations extend to England only.
Rules for determination of schedules of instalments2
1
The Local Authorities (Funds) (England) Regulations 19922 shall be amended as provided in this regulation.
2
For paragraph 2(1) of Part I of Schedule 1 there shall be substituted—
1
Subject to sub-paragraph (4), the schedule of instalments shall be determined so as to require—
a
the first instalment to be paid or transferred to principal authorities within the following periods of the start of the financial year—
i
in relation to the financial year beginning in 1996, 32 days,
ii
in relation to the financial year beginning in 1997, 28 days,
iii
in relation to the financial year beginning in 1998, 24 days, and
iv
in relation to a financial year beginning in or after 1999, 21 days, and
b
in relation to a financial year beginning in or after 1996, the final instalment to be so paid or transferred on or before the beginning of a period of 14 days prior to the end of the financial year.
3
In relation to a financial year beginning in or after 1996, after paragraph 2(3) of Part I of Schedule 1 there shall be inserted—
4
Where the day on which the period referred to in sub-paragraph (1)(a) would end, or the period referred to in sub-paragraph (1)(b) would begin, is a Saturday, Sunday or bank holiday, then the periods shall respectively end, or be reduced to a period beginning, on the next day which is not a Saturday, Sunday or bank holiday.
Signed by authority of the Secretary of State for the Environment
(This note is not part of the Regulations)