[Part III Distribution]
Local Government Finance Act 1988 (1988 c 41) | Legislation

[Part III Distribution]

[Interpretation

8

(1)     For the purposes of this Part of this Schedule a receiving authority is[—

(a)     any billing authority in Wales, or

(b)     any major precepting authority in Wales].

(2)     Any reference in this Part of this Schedule to a local government finance report is a reference to a report made under section . . . [84G] above.

[(3)     In this Part of this Schedule “the Assembly” means the National Assembly for Wales.

(4)     . . .]

Distributable amount

9

(1)     Before a financial year begins the [Welsh Ministers] shall estimate—

(a)     the aggregate of the items of account which will be credited to the account kept for the year; and

(b)     the aggregate of the items of account which will be debited to the account kept for the year under paragraphs 2(2)(a) and 3(3)(b) above.

(2)     In making any estimate under sub-paragraph (1) above the [Welsh Ministers] may make such assumptions as [they see] fit.

(3)     If the aggregate estimated under sub-paragraph (1)(a) above exceeds the aggregate estimated under sub-paragraph (1)(b) above the [Welsh Ministers] shall calculate the amount equal to the difference.

(4)     In the local government finance report for the year the

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