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Regulation 149 Determining the non-housing increaseI1

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 increase for the last year, the authority shall determine the total amount by which their adjusted credit ceiling was increased during the last year—

(a)

by the use of relevant credit approvals to any extent as mentioned in section 56(3);

(b)

under paragraph 14(2) of Schedule 3 to the Act; and

(c)

under regulation 118.

(2)

For the purposes of regulation 147, the authority’s non-housing increase in the last year is the amount determined in accordance with the formula

X-Y+Z

where—

  • “X” means the total amount determined in accordance with paragraph (1);

  • “Y” means the housing increase determined in accordance with regulation 145; and

  • “Z” means the amount, if any, by which the housing reduction determined in accordance with regulation 144 exceeds the amount determined for amount C under regulation 148(1).

Annotations

Commencement

I1

Reg. 149 in force at 1.4.1997, see reg. 1(1)(b)