Adjusted credit ceiling of new authority
8.—(1) Subject to the provisions of this article, Part IV of Schedule 3 to the 1989 Act shall apply to determine the adjusted credit ceiling of a new authority.
(2) For the purposes of Part IV of the 1989 Act, the adjusted credit ceiling on 31st March 1996 of a new authority shall be the aggregate of—
(a)the amount which would, apart from this paragraph, have been its adjusted credit ceiling on that date;
(b)the adjusted credit ceilings at the end of 31st March 1996 of its undivided old authorities (if any);
(c)the total of its housing component shares (if any) calculated under paragraph (3) below; and
(d)the total of its non-housing component shares (if any) calculated under paragraphs (4), (6), (7), (8) and (9) below so far as those paragraphs apply to it.
(3) A housing component share for a new authority shall be calculated in relation to each of its divided old authorities by applying the formula—
where—
H is the divided old authority’s housing component;
Tu is the number prescribed as the total of the divided old authority’s housing units;
U is the number of the divided old authority’s housing units prescribed in relation to the new authority.
(4) Subject to paragraph (5) below, a non-housing component share for a new authority shall be calculated in relation to each of its divided old authorities by applying the formula—
where—
N is the divided old authority’s non-housing component;
Tp is the number prescribed as the total of the divided old authority’s population;
P is the number of the divided old authority’s population prescribed in relation to that part of the divided old authority’s area which falls within the area of the new authority.
(5) Paragraph (4) above shall apply to the calculation of a non-housing component share for a new authority except where the share is calculated in relation to the County Council of Dyfed or South Glamorgan.
(6) Subject to paragraph (8) below, a non-housing component share for a new authority shall be calculated in relation to South Glamorgan County Council by applying the formula—
where—
N, P and Tp have the meanings assigned to them respectively in paragraph (4) above;
S is the element of South Glamorgan County Council’s non-housing component in respect of loan 13142 from the European Investment Bank.
(7) Subject to paragraph (9) below, a non-housing component share for a new authority shall be calculated in relation to Dyfed County Council by applying the formula—
where—
N, P and Tp have the meanings assigned to them respectively in paragraph (4) above;
Sc is the element of Dyfed County Council’s non-housing component in respect of debt relating to the Cleddau Bridge.
(8) The non-housing component share for Cardiff County Council in relation to South Glamorgan County Council shall be calculated by applying the formula—
where—
N, P and Tp have the meanings assigned to them respectively in paragraph (4) above, and S has the meaning assigned to it in paragraph (6) above.
(9) The non-housing component share for Pembrokeshire County Council in relation to Dyfed County Council shall be calculated by applying the formula—
where—
N, P and Tp have the meanings assigned to them respectively in paragraph (4) above, and Sc has the meaning assigned to it in paragraph (7) above.
(10) For the purposes of this article—
(a)the number prescribed as the total of a divided old authority’s housing units is the number so prescribed in column (2) of Schedule 1 to this Order;
(b)the number of a divided old authority’s housing units prescribed in relation to a new authority is the number so prescribed in column (4) of Schedule 1 to this Order;
(c)the number prescribed as the total of a divided old authority’s population is the number so prescribed in column (2) of Schedule 2 to this Order; and
(d)the number of a divided old authority’s population prescribed in relation to that part of the divided old authority’s area which falls within the area of a new authority is the number so prescribed in column (4) of Schedule 2 to this Order.
(11) In this article—
“housing component”, in relation to an old authority, means the housing component of that authority’s adjusted credit ceiling at the end of 31st March 1996, calculated in accordance with paragraph 3 of Schedule 5 to the 1990 Regulations; and
“non-housing component”, in relation to an old authority, means the non-housing component of that authority’s adjusted credit ceiling at the end of 31st March 1996, calculated in accordance with paragraph 5 of Schedule 5 to the 1990 Regulations.