# The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003, Paragraph 9


(1) L** means—
183,000,000÷P
(2) Subject to sub-paragraph (3), P means—
(a) in the financial year beginning on 1st April 2021, 77,988,112.73;
(b) in each subsequent financial year—
N*×1.01
(3) In the case of North Yorkshire Council, Somerset Council and Westmorland and Furness Council, P means—
(a) in the financial year beginning on 1st April 2023, 79,555,673.79;
(b) in each subsequent financial year—P* × 1.01.
.

---
Source: https://www.legislation.gov.uk/uksi/2003/3146/schedule/paragraph/9 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-regulations-2003/schedule/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.