40 Issue of precepts by major precepting authorities
Local Government Finance Act 1992 (1992 c 14) | Legislation

Issue of precepts

40  Issue of precepts by major precepting authorities

(1)     For each financial year a major precepting authority shall issue a precept or precepts in accordance with this section.

(2)     A precept issued to a billing authority under this section must state—

(a)     the amount which, in relation to the year and each category of dwellings in the billing authority's area, has been calculated (or last calculated) by the precepting authority in accordance with[—

(i)     in the case of a precepting authority in England, sections 42A, 42B and 45 to 47 below, or

(ii)     in the case of a precepting authority in Wales, sections 43 to 47 below;] and

(b)     the amount which has been calculated (or last calculated) by the precepting authority in accordance with section 48 below as the amount payable by the billing authority for the year.

(3)     Dwellings fall within different categories for the purposes of subsection (2) above according as different calculations have been made in relation to them in accordance with[—

(a)     in the case of a precepting authority in England, sections 42A, 42B and 45 to 47 below, or

(b)     in the case of a precepting authority in Wales,

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