# The Billing Authorities (Anticipation of Precepts) Regulations 1992, Regulation 3: Payment of sums


Whether or not a billing authority making calculations (originally or by way of substitute) for a financial year anticipates a precept to be issued in accordance with section 41 of the Act to it for that year by a local precepting authority—
(a) where the local precepting authority issues such a precept to the billing authority, the billing authority shall pay to the local precepting authority a sum equal to the amount of the precept issued (or last issued); and
(b) where the local precepting authority does not issue such a precept to the billing authority, the billing authority shall not pay any sum to the local precepting authority in respect of such a precept.

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Source: https://www.legislation.gov.uk/uksi/1992/3239/regulation/3 (the official version)
Page: https://openlegislation.uk/billing-authorities-anticipation-of-precepts-regulations-1992/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.