49 Substitute calculations
Local Government Finance Act 1992 (1992 c 14) | Legislation

49  Substitute calculations

[(1)     A major precepting authority which has made calculations in relation to a financial year in accordance with—

[(za)     sections 42A, 42B and 45 to 48 above (originally or by way of substitute),]

(a)     sections 43 to 48 above (originally or by way of substitute),

(b)     sections 85 to 90 of the Greater London Authority Act 1999 and sections 47 and 48 above, or

(c)     sections 85, 86 and 88 to 90 of, and Schedule 7 to, that Act and sections 47 and 48 above (by way of substitute),

may make calculations in substitution in relation to the year in accordance with the relevant provisions.

(1A)     For the purposes of subsection (1) above, the relevant provisions are—

[(za)     in a case falling within paragraph (za), the provisions specified in that paragraph;]

(a)     in a case falling within paragraph (a), the provisions specified in that paragraph; and

(b)     in a case falling within paragraph (b) or (c), the provisions specified in paragraph (c).]

(2)     None of the substitute calculations shall have any effect if—

[(za)     in the case of a major precepting authority

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Costs and the ‘without prejudice’ rule

Costs and the ‘without prejudice’ ruleCosts determination and the ‘without prejudice’ ruleAn issue for practitioners is whether correspondence marked ‘without prejudice’ can be used against a party when the court comes to determine the issue of costs. The Court of Appeal in Walker v Wilsher (1889)

LEXISNEXIS

Debt for equity swaps

Debt for equity swapsA popular restructuring method is a debt for equity swap; financial creditors receive equity in the restructured vehicle in return for reducing or cancelling their debt claims against the company (and the rest of the group).Many highly levered deals have thin equity cushions and

LEXISNEXIS

CPR Part 8 claims (alternative procedure for claims)

CPR Part 8 claims (alternative procedure for claims)This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further

LEXISNEXIS

Defects liability period and rectification of defects

Defects liability period and rectification of defectsIt is common in construction projects for defects to manifest or appear in the works. Most construction contracts require the contractor to return to site to rectify (also known as ‘make good’) defects which arise or are discovered during a