5.—(1) For the purposes of section 54(1) of the Local Government Finance Act 1992(1) and the financial year beginning on 1st April 1995 only —
(a)a new police authority shall be regarded as the same authority as the police authority which it supersedes (the relevant old police authority), and
(b)the budget requirement of the relevant old police authority shall be regarded as being the budget requirement of the new police authority.
(2) In paragraph (1) above, “budget requirement of the relevant old police authority” means —
(a)where the relevant old police authority is a joint police authority, the budget requirement of that authority;
(b)where the relevant old police authority is a committee of the council of a county constituted in accordance with section 2 of the 1964 Act, the portion of the budget requirement of that county attributable to the functions of that committee;
(c)where the relevant old police authority is for a combined area constituted in accordance with section 3 of the 1964 Act, the sum of the portions of the budget requirements of the constituent councils of that authority attributable to the functions of that authority.