85 Calculation of component and consolidated [council tax] requirements
Greater London Authority Act 1999 (1999 c 29) | Legislation

Budget requirements

85  Calculation of component and consolidated [council tax] requirements

(1)     Section [42A] of the Local Government Finance Act 1992 shall not apply in relation to the Authority, and the following provisions of this section and section 86 below shall have effect in relation to the Authority in place of that section.

(2)     In relation to each financial year, the Authority shall make the calculations required by this section.

(3)     The Authority must, in the case of each constituent body, that is to say—

[(a)     the Assembly,

(aa)     the Mayor, and]

(b)     each of the functional bodies,

calculate the aggregates required by virtue of subsections (4) and (5) below.

[(3A)     In subsection (3) above—

(a)     the reference to the Assembly is a reference to the Authority as respects the Assembly's functions (see subsection (14)),

(b)     the reference to the Mayor is a reference to the Authority except as respects the Assembly's functions,

and other references in this Chapter to the Mayor or the Assembly, in their capacity as constituent

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