Discharge of a billing authority’s liabilities5

1

In regulation 3(7) of the 1992 Regulations insert at the beginning “Subject, in the financial year beginning on 1st April 2000, to paragraph (7A) below,”.

2

After regulation 3(7) of the 1992 Regulations insert the following paragraph:

7A

Any amount so calculated by an authority in accordance with paragraphs 6(5), 6(6) or 6(7) of Schedule 2 to these Regulations shall be paid by a billing authority to the Greater London Authority in no more than 8 instalments during the financial year beginning on 1st April 2000 provided that—

a

the first and final instalments are paid in that year no later than 6th July and 31st March respectively, and

b

there are an equal number of days between each instalment.

3

In regulation 3(8) of the 1992 Regulations, after “paragraph (7)(b)” insert “or (7A)(b)”.