Part I TABLE OF BANDS
| Financial year beginning 1st April 1996 | Financial year beginning 1st April 1997 | Financial year beginning 1st April 1998 and all subsequent financial years | |
|---|---|---|---|
| Band I authorities | 5% | 5% | 5% |
| Band II authorities | 100% | 5% | 5% |
| Band III authorities | 40% | 5% | 5% |
| Band IV authorities | 100% | 40% | 5% |
| Band V authorities | 60% | 30% | 5% |