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Local Government Finance Act 1982

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This is the original version (as it was originally enacted).

7(1)A rating authority which has made a rate falling within paragraph 1(b) above shall under section 3 of this Act make a rate in substitution for the rate falling within that paragraph.

(2)Where the precept by reference to which the original rate was made fell within paragraph 1(a)(i) above, the estimated product of the original rate shall for the purposes of subsection (2) of that section be calculated without reference to the precept.

(3)Where the precept by reference to which the original rate was made fell within paragraph 1(a)(ii) above—

(a)the rate substituted under the said section 3 shall be made by reference to the precept substituted pursuant to paragraph 6 above ; and

(b)the estimated product of the original rate shall for the purposes of subsection (2) of that section be adjusted in such manner as the Secretary of State may direct.

(4)Where the precept by reference to which the original rate was made fell within paragraph 1(a)(ii) above and was issued under section 150(4) of the [1972 c. 70.] Local Government Act 1972 (expenses of parish and community councils) sub-paragraph (1) above shall not require the rating authority to make a substituted rate unless it considers that a substituted rate will be required for meeting the precept substituted pursuant to paragraph 6 above.

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