3.—(1) The constituents of the calculation to be made under section 32(2) of the 1992 Act(1) are altered by substituting for paragraph (e) the following paragraph—
“(e)any amounts which it estimates will be transferred from its general fund to its collection fund pursuant to a direction under subsection (5) of section 98 of the 1988 Act and charged to a revenue account for the year, other than (in the case of an authority in England) any amounts which it estimates will be so transferred pursuant to a direction under that subsection relating to the difference between amounts in respect of community charges credited and charged to a revenue account for any earlier financial year.”(2).
(2) The constituents of the calculation to be made under section 32(3) of the 1992 Act are altered as follows—
(a)in paragraph (a), for the words “or additional grant” there shall be substituted the words “, additional grant or (in the case of an authority in England) the grant specified in paragraph 4 of the special grant report approved by a resolution of the House of Commons pursuant to section 88B of the 1988 Act on 3rd February 1994”(3); and
(b)for paragraph (b) there shall be substituted the following paragraph—
“(b)any amounts which it estimates will be transferred from its collection fund to its general fund pursuant to a direction under subsection (4) of section 98 of the 1988 Act and credited to a revenue account for the year, other than (in the case of an authority in England) any amounts which it estimates will be so transferred—
(i)pursuant to a direction under that subsection relating to the difference between amounts in respect of community charges credited and charged to a revenue account for any earlier financial year; and
(ii)in the case of the Common Council, pursuant to a direction under that subsection in respect of an amount calculated by reference to the provisional amount of its non-domestic rating contribution under Part II of Schedule 8 to that Act; and”(4).
The references to section 98(5) are references to section 98(5) of the Local Government Finance Act 1988; section 98(5) was amended by the 1992 Act, Schedule 10, paragraph 23.
Section 88B of the Local Government Finance Act 1988 (c. 41) was inserted by the 1992 Act, Schedule 10, paragraph 18.
The references to section 98(4) and Part II of Schedule 8 are references to section 98(4) of, and Part II of Schedule 8 to, the Local Government Finance Act 1988; section 98(4) was amended by the 1992 Act, Schedule 10, paragraph 23; Part II of Schedule 8 was amended by the Local Government and Housing Act 1989 (c. 42), Schedule 5, paragraph 42, and the 1992 Act, Schedule 10, paragraph 6 and Schedule 13, paragraph 86.“The Common Council” is defined by section 69(1) of the 1992 Act as the Common Council of the City of London.