Regulation 2 Interpretation

In these Regulations—

• “the 1992 Act” means the Local Government Finance Act 1992^f1;

• “the 1992 Regulations” means the Local Authorities (Funds) (Wales) Regulations 1992^f2;

• “relevant local precepting authority”, in relation to a billing authority, means any community council having power to issue a precept to that billing authority;

• “relevant major precepting authority”, in relation to a billing authority, means the police authority established under section 3 of the Police Act 1964^f3, having power to issue a precept to that billing authority;

• “relevant precepting authority”, in relation to a billing authority, means the relevant major precepting authority and each relevant local precepting authority;

• “schedule of instalments” means:

  1. (a)

     a schedule determined, or to be determined, by a billing authority in accordance with regulation 4 and, where it applies, regulation 6, with respect to the times for and the number and amounts of payments from its council fund in respect of its liabilities; and

  2. (b)

     in relation to a financial year for which such a schedule has been so determined, means the schedule which currently has effect for that financial year; and

• “working day” means any day other than a Saturday, Sunday, or bank holiday.

Any reference in these Regulations (however framed) to liability in relation to a billing authority is a reference to the liability of a billing authority to pay anything from its council fund in respect of any precept issued by a relevant precepting authority under Chapter IV of Part I of the 1992 Act, after taking into account any amount credited against that liability by that relevant precepting authority under section 42(4) of that Act.

References in these Regulations to a working day in one month and a working day in another month shall be treated (in relation to each other) as the same working day of a different month if, and only if, both such working days can be identified