[Part 7 Levy Payments, Safety Net Payments and Distribution of Remaining Balance]

[Part 7 Levy Payments, Safety Net Payments and Distribution of Remaining Balance]

[Regulations about calculation of levy payments

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(1)     The Secretary of State may by regulations make provision for calculating—

(a)     whether a relevant authority is required to make a payment under this Part of this Schedule (a “levy paymentâ€) to the Secretary of State for a year, and

(b)     if so, the amount of the levy payment.

(2)     The regulations must make provision for calculations for a year to be made after the end of that year.

(3)     The regulations may, in particular, make provision for calculations in relation to a relevant authority to be made—

(a)     if the relevant authority is a billing authority, by reference to the total payable to it in respect of the year under sections 43 and 45, subject to such adjustments as may be specified in the regulations;

(b)     if the relevant authority is a major precepting authority, by reference to the total of the amounts payable in respect of the year under those sections to the billing authorities that are required to make payments to it for the year under regulations under paragraph 9, subject to such adjustments as

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