[52M Designation after nomination]

[52M  Designation after nomination]

[(1)     This section applies if the [Welsh Ministers]—

(a)     [nominate] an authority under section 52D(2)(b) above, and

(b)     [decide] to proceed under this section in relation to the authority.

(2)     [They] shall—

(a)     designate the authority as regards the financial year immediately following the year under consideration;

(b)     determine an amount which [they propose] should be the maximum for the amount calculated by the authority as its budget requirement for the year as regards which the designation is made;

(c)     determine the target amount for the year as regards which the designation is made, that is, the maximum amount which [they propose] the authority could calculate as its budget requirement

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