Regulation 8 Amendment of regulation 22 of the 2003 Regulations

in paragraph (1) substitute—

“”

$$\genfrac{}{}{0.1ex}{}{4\left[(\mathrm{CFR}-\mathrm{HC}\right)-\mathrm{A}]}{100}$$

for

“”;

$$\genfrac{}{}{0.1ex}{}{4\left[\mathrm{CFR}-\left(\mathrm{A}+\mathrm{HC}\right)\right]}{100}$$

in paragraph (2) after the definition of “opening HRA capital financing requirements” insert—

• ““opening HRA subsidy capital financing requirement” means for the financial year beginning on 1 April 2006 and any subsequent financial year, the amount calculated in accordance with paragraph (3A);””

after paragraph (3) insert—

“(3A)

the amount referred to in the definition of “opening HRA subsidy capital financing requirements” in paragraph (2) has the same meaning for that current year in the Housing Revenue Account Subsidy (Wales) Determination made under sections 80 and 87 of the Local Government and Housing Act 1989 for that year.”.