Paragraph 7A F1

In exercising its powers of amendment under paragraph 7 above, the Assembly must not make amendments affecting the amount of the final draft component F2council tax requirement for the Assembly if those amendments, taken together, contravene sub-paragraph (2) below.

Amendments contravene this sub-paragraph if—

The condition is that—

exceeds

This paragraph is without prejudice to section 49(2) of the Local Government Finance Act 1992 (substitute amount not to exceed previous amount (but see section 49(6) of that Act)).

Find the adjusted previous component F5council tax requirement for the Assembly as follows.

Find NM and OM, where—

• NM is the final draft component council tax requirement for the Mayor, before implementing any amendments under paragraph 7(3) above;

• OM is the component council tax requirement for the Mayor for the previous financial year.

If NM is greater than OM—

The result is the adjusted previous component council tax requirement for the Assembly.

If NM is less than OM—

The result is the adjusted previous component council tax requirement for the Assembly.

If NM equals OM, then—

equals

Sub-paragraphs (9) to (11) of paragraph 5A of Schedule 6 to this Act (power of chief finance officer to direct amounts to be left out of account) also have effect for the purposes of this paragraph.

For the purposes of this Schedule the “final draft component F6council tax requirement” for any constituent body is the component council tax requirement for that body as stated in the final draft.