xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"

Part IS

Exchequer grants and apportionmentS

1, 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1S

3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2S

4, 5.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3S

6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4S

7 Apportionment.S

[F5(1)Subject to the following provisions of this section, where, in pursuance of any enactment, any statutory order or instrument or any agreement, any sum is required—

(a)to be calculated according to, or according to a formula based in whole or in part on, the following valuation, that is to say the rateable valuation or standard rateable value, whichever is the higher, of any area for any year, or

(b)to be apportioned or allocated among local authorities or other bodies according to that valuation for each of two or more areas for any year, or according to any such formula as aforesaid,

such calculation or such apportionment or allocation, as the case may be, shall be made with the substitution for that valuation of the product of a rate of [F6one new penny] in the pound or the standard penny rate product, whichever is the higher, for the area, or, as the case may be, each of the areas, in question for that year.

(2)The foregoing subsection shall apply to any calculation, or apportionment or allocation required to be made for the year 1963-64 or any subsequent year:

Provided that in the case of such calculation, or apportionment or allocation required to be made under an agreement the said subsection shall not apply thereto if the parties concerned so agree.]

(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

[F8(4)The assessor for each valuation area shall, not later than the date prescribed by order under section 13 of the Act of 1956 in the year preceding any year of revaluation, estimate the rateable valuation in that year of revaluation of that area, and shall send certified copies of the estimate so made to the rating authority for that area and to the Secretary of State.]

(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9

8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10S

[F119 Meaning of product of a rate of one penny in the pound and standard penny rate product.S

(1)References in this Part of this Act to the product of a rate of [F12one new penny] in the pound for any area for any year are references to an amount calculated for that area for that year in accordance with [F13regulations] made in that behalf by the Secretary of State under [F13section III of the M1Local Government (Scotland) Act 1973.]

(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F14

(3)Except so far as otherwise provided in this Part of this Act references therein to the standard penny rate product for any year for any [F13district or islands area] are references to the [F15product of the weighted population of the district or islands area and the national standard amount per head for that year.]

[F16(3A)The standard penny rate product for any year of an area which is a region shall be taken to be an amount equal to the sum of the standard penny rate products for that year of the districts comprised in that region.]

(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F17

(5)For the purposes of subsection (3) of this section the weighted population of an area [F18and the national standard amount per head] for any year shall be determined [F19in such manner as may be prescribed by a rate support grant order made under section 3 of the M2Local Government (Scotland) Act 1966]

(6)In the case of any area which is part of a [F20district or islands area], references in this Part of this Act to the standard penny rate product of the area are, except so far as otherwise provided therein, references to so much of the standard penny rate product of the [F20district or, as the case may be, islands area], as bears to the whole the same proportion as the rateable valuation of the area in question bears to the rateable valuation of the [F20district or, as the case may be, islands area.]

(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F21]