Calculation of budget requirement (billing authorities)2.

Section 32 of the 1992 Act has effect as if—

(a)

in subsection (3)(a)3 the words “or relevant special grant” were omitted; and

(b)

after subsection (12) the following subsection were inserted4

“(12A)

In this section and section 33 below—

(a)

references to sums payable for the financial year in respect of redistributed non-domestic rates are references to sums so payable in accordance with the Local Government Finance Report (No.1) 2012-2013 (Final Settlement-Councils) approved by resolution of the National Assembly for Wales pursuant to section 84H(2)5 of, and paragraph 11B(1)6 of Schedule 8 to, the Local Government Finance Act 1988 on 10 January 2012; and

(b)

references to sums payable for the financial year in respect of revenue support grant are references to sums so payable in accordance with that report.”