These Regulations amend the Local Authorities (Funds) (England) Regulations 1992 to take account of the introduction of the Greater London Authority, and the change to the boundary of the Metropolitan Police District (brought about by section 323 of the Greater London Authority Act 1999). The latter Regulations make provision for the discharge by a billing authority and its major precepting authorities of their liabilities to meet any estimated surplus or deficit in a billing authority’s collection fund.

These Regulations have been made in consequence of a defect, namely the incorrect date of coming into force, in the Local Authorities (Funds) (England) (Amendment) Regulations 1999 (S.I.1999/3436), which they revoke and replace. These Regulations make identical amendments to the Local Authorities (Funds) (England) Regulations 1992, as the regulations which they revoke and replace. It is intended, in accordance with regulation 6 of the Statutory Instruments Regulations 1947 (S.I.1948/1), that S.I.1999/3436 will not be printed and sold.