6. Section 85 of the Greater London Authority Act 1999(1) shall be read as if after subsection (4) there were inserted the following subsection—
“(4A) The expenditure aggregated under subsection (4) above shall not include expenditure which the Authority estimates will be incurred in making payments to billing authorities in accordance with section 31(3) of the Local Government Act 1999.”.
Section 85 is modified in relation to the financial year 2000/2001 by regulation 6 of S.I. 2000/213 and by the Greater London Authority Act 1999 (Commencement No. 3 and Transitional Finance Provisions) Order 1999 (S.I. 1999/3434 (C. 96)).