Administration etc
I19Credits to and debits from main non-domestic rating accounts
1
In Schedule 7B to the Act (local retention of non-domestic rates), in Part 1 (main non-domestic rating accounts), paragraph 2 (credits and debits) is amended as follows.
2
For sub-paragraphs (3) and (4) substitute—
3
If a local government finance report for a year has been approved by resolution of the House of Commons, an amount may be—
a
debited (as an item of account) to the main non-domestic rating account kept for the year, for use for the purposes of local government in England;
b
credited (as an item of account) to the main non-domestic rating account kept for the year.
4
The amount that may be debited under sub-paragraph (3)(a) for a year may not exceed the amount that would result in the aggregate mentioned in paragraph 3(1)(b) for the year exceeding the aggregate mentioned in paragraph 3(1)(a) for the year.
3
In sub-paragraph (5), in the words before paragraph (a), for “sub-paragraph (3)” substitute “sub-paragraph (3)(a)”
.