# The Local Authorities (Funds) (England) Regulations 1992, Regulation 2: Interpretation

Extent: E+W

(1) In these Regulations—
“the 1988 Act” means the Local Government Finance Act 1988;
“the 1992 Act” means the Local Government Finance Act 1992;
“principal authority” in relation to a billing authority means any relevant major precepting authority and the billing authority itself;
“the 1989 Regulations” means the Collection Fund (England) Regulations 1989;
“relevant local precepting authority” in relation to a billing authority means any local precepting authority having power to issue a precept to that billing authority;
“relevant major precepting authority” in relation to a billing authority means any major precepting authority having power to issue a precept to that billing authority but the Greater London Authority is, and the Secretary of State is not, a relevant major precepting authority for the purposes of regulations 3(6), 3(7), 3(8) and 12 of and paragraph 6 of Schedule 2 to, these regulations in respect of the period beginning on 12th January 2000 and ending with 2nd July 2000, notwithstanding the transitional adaptation of section 39(1) of the Local Government Finance Act 1992;
“relevant precepting authority” in relation to a billing authority means each relevant major precepting authority and each relevant local precepting authority;
“schedule of instalments” means a schedule determined by a billing authority, in accordance with regulations 4 and 6, with respect to the times for and the number and amounts of payments or transfers from its collection fund or its general fund in respect of its liabilities.
(2) Any reference in these Regulations (however framed) to liabilities in relation to a billing authority is a reference to the liability of a billing authority to—
(a) pay anything from its collection fund in respect of any precept issued by a relevant major precepting authority under Part I of the 1992 Act, after taking into account any amount credited by that major precepting authority under section 42(4) of that Act,
(b) pay anything from its collection fund in respect of so much of any surplus in that fund as, in accordance with regulation 11, that billing authority calculates to be a relevant major precepting authority’s share,
(c) pay anything from its general fund in respect of any precept issued by a relevant local precepting authority under Part I of the 1992 Act, after taking into account any amount credited by that local precepting authority under section 42(4) of that Act,
(d) transfer anything from its collection fund or its general fund under section 97(1) or (2) of the 1988 Act (as the case may be), ...
(e) transfer anything from its collection fund or its general fund under section 97(3) or (4) of the 1988 Act (as the case may be) in respect of so much of any surplus or deficit in its collection fund as, in accordance with regulation 11, that billing authority calculates to be its share or calculates must be borne by it , and
(f) pay anything from its collection fund in respect of a variation to any payment or instalment of a payment relating to a precept agreed between that billing authority and a major precepting authority under paragraph 6(3)(b) of Schedule 1A to the 1992 Act in the circumstances described in regulation 10A or paragraph 6(4A) of Schedule 2.
(3) Any reference in these Regulations to the making of a substitute calculation is a reference to the making of a substitute calculation by a billing authority in accordance with section 32(4) of the 1992 Act.

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Source: https://www.legislation.gov.uk/uksi/1992/2428/regulation/2 (the official version)
Page: https://openlegislation.uk/local-authorities-funds-england-regulations-1992/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.