# The Local Government Changes for England (Collection Fund Surpluses and Deficits) (Amendment) Regulations 1996, Regulation 2: Funds Regulations


For paragraph (2) of regulation 3 of the principal Regulations there shall be substituted the following—
“(2) For the purpose of the estimate under regulation 10 of the Funds Regulations—
(a) where the estimate is for the initial year, no account shall be taken by a billing authority of an estimated amount or audit adjustment calculated under regulations 4, 5, 6 or 7 in relation to that authority and to a surplus or deficit on that authority’s collection fund, and
(b) where the estimate is for the initial or any subsequent year, no account shall be taken of any payments to or by a billing authority or any transfers between an authority’s collection fund and general fund required to be made under these Regulations.”.

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Source: https://www.legislation.gov.uk/uksi/1996/2177/regulation/2 (the official version)
Page: https://openlegislation.uk/local-government-changes-for-england-collection-fund-surpluses-and-deficits-amendment-regulations-1996/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.