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Regulation 148 Determining the non-housing reductionI1

England and Wales Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In order to determine their non-housing reduction for the last year, the authority shall determine—

(a)

the total amount (“amount A”) by which their adjusted credit ceiling was reduced during the last year under paragraphs 12(1) and 14(1) of Schedule 3 to the Act;

(b)

the total amount (“amount B”) by which their adjusted credit ceiling was reduced during that year by the setting aside of any amounts determined under regulations 134 and 136; and

(c)

the amount (“amount C”) by which amount A exceeds amount B.

(2)

For the purposes of regulation 147, the authority’s non-housing reduction in the last year is the amount, if any, by which amount C exceeds the housing reduction determined in accordance with regulation 144.

Annotations

Commencement

I1

Reg. 148 in force at 1.4.1997, see reg. 1(1)(b)