# Local Government Finance Act 1988, Paragraph 45: Interpretation of Schedule


In this Schedule—
“actual rating income”, in relation to a billing authority, has the meaning given by paragraph 32(4)(b);
“basis of calculation” has the meaning given by paragraph 12(1);
“the central share” has the meaning given by paragraph 4;
“deemed rating income”, in relation to a billing authority, has the meaning given by paragraph 32(4)(a);
“local government finance report” has the meaning given by paragraph 5(1);
“the local share” has the meaning given by paragraph 4;
“levy account” has the meaning given by paragraph 19(1);
“levy payment” has the meaning given by paragraph 22(1);
“main non-domestic rating account” has the meaning given by paragraph 1(1);
a “pool of authorities” means two or more relevant authorities designated as a pool of authorities under paragraph 34;
“relevant authority” means—
(a)a billing authority in England, or
(b)a major precepting authority in England;
“safety net payment” has the meaning given by paragraph 25(1);
“year” means a chargeable financial year.

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Source: https://www.legislation.gov.uk/ukpga/1988/41/schedule/7B/paragraph/45 (the official version)
Page: https://openlegislation.uk/local-government-finance-act-1988/schedule-7B/paragraph-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.