Discharge of a relevant major precepting authority’s liabilities6
1
In regulation 12(2) of the 1992 Regulations insert at the beginning “Subject, in the financial year beginning on 1st April 2000, to paragraph (2A) below,”.
2
After regulation 12(2) of the 1992 Regulations insert the following paragraph:
2A
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 the Greater London Authority to a billing 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 12(3) of the 1992 Regulations, after “paragraph (2)(b)” insert “or (2A)(b)”.