{
  "url": "https://openlegislation.uk/local-authorities-funds-wales-regulations-1992/regulation-11",
  "json_url": "https://openlegislation.uk/local-authorities-funds-wales-regulations-1992/regulation-11.json",
  "legislation": "uksi/1992/2929",
  "legislation_title": "The Local Authorities (Funds) (Wales) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/local-authorities-funds-wales-regulations-1992",
  "path": "regulation/11",
  "kind": "regulation",
  "number": "11",
  "heading": "Apportionment of and liability for surpluses and deficits",
  "text": "(1) Any surplus or deficit estimated by a billing authority under regulation 10(1) as regards a financial year beginning in or after 1993 shall, in accordance with the rules prescribed in Part II of Schedule 2 to these Regulations, be shared among or be borne between that authority and its relevant major precepting authority.\n(2) A billing authority shall, within 7 working days of the day on which it makes an estimate under regulation 10(1) as regards each financial year beginning in or after 1993, inform its relevant major precepting authority of the amount of any surplus or deficit and the amount equal to so much of any such surplus or deficit as, in accordance with the rules prescribed in Part II of Schedule 2 to these Regulations, that billing authority calculates to be its relevant major precepting authority’s share or the amount which must be borne by that major precepting authority.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/2929/regulation/11",
    "retrieved_at": "2026-10-29T14:11:27.029726+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}