Section 86B Effect of additional grant report’s approval: WalesF1

(1)

This section applies where in accordance with section 86A a determination as regards additional grant has been made for a financial year and specified in a report which has been laid before the Assembly.

(2)

If the report is approved by resolution of the Assembly—

(a)

the Welsh Ministers shall pay the amount stated in the determination as the amount of the additional grant for the year, and

(b)

the amount shall be distributed on the basis stated in the determination.

(3)

Where a sum falls to be paid to a receiving authority by way of additional grant it shall be paid at such time, or in instalments of such amounts and at such times, as the Welsh Ministers determine; and any such time may fall within or after the financial year concerned.

Annotations

Textual amendments

F1: Ss. 86A, 86B and cross-heading inserted (25.5.2007) by The Government of Wales Act 2006 (Consequential Modifications and Transitional Provisions) Order 2007 (S.I. 2007/1388), art. 1(2), Sch. 1 para. 34

Notes on Part V

Modifications

C1: Part V amended (28.11.1994) by S.I. 1994/2825, reg. 34

Notes on Chapter 4

Textual amendments

F1: Pt. 5 Ch. 4 formed from ss. 85-88B (27.11.2003) by Local Government Act 2003 (c. 26), s. 128(4)(f), Sch. 7 para. 16 (with Sch. 7 para. 9(2)); S.I. 2003/3034, art. 2, Sch. 1 Pt. I