[SCHEDULE 12B Appropriate Sum under Section 137(4)]
Local Government Act 1972 (1972 c 70) | Legislation

[SCHEDULE 12B Appropriate Sum under Section 137(4)]

[Section 137(4)(a)]

[1

This Schedule has effect to determine for the purposes of section 137(4)(a) above the sum that is for the time being appropriate to a local authority.

2

The sum appropriate to the local authority for the financial year in which section 118 of the Local Government Act 2003 comes into force is £5.00.

3

(1)     For each subsequent financial year, the sum appropriate to the local authority is the greater of the sum appropriate to the authority for the financial year preceding the year concerned and the sum produced by the following formula—

(A × B) / C

(2)     A is the sum appropriate to the local authority for the financial year preceding the year concerned.

(3)

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