94 Substituted and reduced settings
Local Government Finance Act 1992 (1992 c 14) | Legislation

94  Substituted and reduced settings

(1)     Subject to subsection (3) below, a local authority may set, in substitution for an amount of council tax already set or deemed to have been set, a lesser amount of council tax for the same financial year.

(2)     Schedule 7 to this Act has effect for the purpose of making provision as to the reduction of council tax where the Secretary of State is satisfied, in accordance with that Schedule, that the total estimated expenses mentioned in section 93(3) above of a local authority are excessive or that an increase in those expenses is excessive.

(3)     A local authority may not set a substitute amount of council tax during the period between the approval by the

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