Textual Amendments
F1Sch. 7B inserted (with effect in accordance with s. 1(6) of the amending Act) by Local Government Finance Act 2012 (c. 17), s. 1(4), Sch. 1
13(1)This paragraph applies if a local government finance report for a year is approved by resolution of the House of Commons.
(2)As soon as is reasonably practicable after the report has been approved, the Secretary of State must—
(a)calculate which relevant authorities are to make payments under this Part of this Schedule to the Secretary of State for the year,
(b)calculate which relevant authorities are to receive payments under this Part of this Schedule from the Secretary of State for the year, and
(c)calculate the amount of each payment within paragraph (a) or (b).
(3)Subject as follows, the Secretary of State may, at any time before the end of the year following the year to which the report relates, make one further set of calculations of the kind described in sub-paragraph (2).
(4)The power to make a further set of calculations under sub-paragraph (3) is not exercisable after the approval by the House of Commons of any amending report made under paragraph 15 in relation to the local government finance report.
(5)Calculations under this paragraph must be made in accordance with the basis of calculation specified in the report.
(6)As soon as is reasonably practicable after making calculations under sub-paragraph (2) or (3), the Secretary of State must notify each relevant authority of—
(a)whether any payments are to be made by the authority to the Secretary of State in accordance with the calculations,
(b)whether any payments are to be made to the authority by the Secretary of State in accordance with the calculations, and
(c)if any payments are to be made by or to the authority, the amount of each payment.]
Modifications etc. (not altering text)
C1Sch. 7B para. 13 modified (17.2.2014) by The Non-Domestic Rating (Designated Areas) Regulations 2014 (S.I. 2014/98), regs. 1, 5, Sch. 2