118 Rates: power to abolish or modify

118  Rates: power to abolish or modify

(1)     This section applies as regards any body—

(a)     which is established by or under an Act,

(b)     which as regards the financial year beginning in 1989 has power (conferred by or under an Act) to levy a rate by reference to the value or yearly value of property, and

(c)     which is not a [billing authority]

[and, in the case of an internal drainage board, there shall be disregarded for the purposes of paragraph (b) above

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