[97 Principal transfers between funds]
Local Government Finance Act 1988 (1988 c 41) | Legislation

Transfers between funds

[97  Principal transfers between funds]

[(1)     Subject to subsection (2) below, a billing authority which has made calculations in accordance with sections [31A, 31B and 34 to 36] of the Local Government Finance Act 1992 (originally or by way of substitute) shall transfer from its collection fund to its general fund an amount which shall be calculated by applying the formula—

B x T

·É³ó±ð°ù±ð—

B is the amount calculated (or last calculated) by the authority under section [31B(1)] of that Act as the basic amount of its council tax;

T is the amount determined for item T in section [31B(1)]

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