Paragraph 4 I1

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:

Sch. 2 para. 1 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 2 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 3 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 4 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 5 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 6 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 7 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 8 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 9 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
Sch. 2 para. 10 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)

Subject to paragraph 5, where the authority’s adjusted credit ceiling on the last day of the last year was nil or a positive amount, the authority’s mimimum revenue provision savings for the current year shall be determined in accordance with the formula—

(\frac{[D - MC] \times 4}{100}) - H

where

“D”, “H” and “MC” have the same meanings as in paragraph 3.

Annotations

Commencement

I1: Sch. 2 para. 4 in force at 1.4.1997, see reg. 1(1)(b)