PART 2GRANTS TO COUNCILS
I126De-rating grant
1
The Department shall for each financial year make a grant under this section to councils (unless in any particular case the amount of the grant would be nil).
2
In this section “the de-rating grant” means the grant made under this section for any financial year.
3
The amount of a de-rating grant shall be an amount equal to the difference between—
a
the amount of the product of the district rate for that year (within the meaning of the Rates (Northern Ireland) Order 1977 (NI 28)); and
b
the amount which, but for the provisions of Articles 31B and 42 of, and paragraph 4 of Schedule 7 to, that Order, would have been the amount of that product.
4
Subsection (3) is subject to section 28 (reductions in grants).
5
Payments in respect of the de-rating grant shall be made to a council at such times as the Department may determine.