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The Rates and Precepts (Final Adjustments) Order 1991

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Explanatory Note

(This note is not part of the Order)

This Order is consequential upon the Local Government Finance Act 1988. lt provides for financial adjustments, as between certain bodies which, in respect of the financial year beginning 1st April 1989, were precepting authorities (or their successors) and certain bodies which, in respect of that year, were rating authorities.

The Inner London Education Authority, which was one of those precepting authorities, was abolished on 1st April 1990. Accordingly, provision is made in the Order for rights and liabilities to accrue to, and be discharged by, the London Residuary Body (which succeeded to the Authority’s residuary property, rights and liabilities on that date).

The adjustments relate to amounts found to be recoverable or written off as irrecoverable or refunded on or after 1st April 1990 which are attributable to rates for a period ending before that date, and to associated administrative expenses.

The Order also makes provision for the notification of estimates of amounts payable and recoverable under the Order and for the audit of the adjustments.

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