# Local Government Finance Act 1992, Section 52ZD: Approval of principles

Extent: E+W

(1) The principles for a financial year must be set out in a report which must be laid before the House of Commons.
(2) If a report for a financial year is not laid before the specified date or, if so laid, is not approved by resolution of the House of Commons on or before the specified date—
(a) no principles have effect for that year, and
(b) accordingly, no authority's relevant basic amount of council tax for the year is capable of being excessive for the purposes of this Chapter.
(3) If the Secretary of State does not propose to determine a set of principles for a financial year, the Secretary of State must lay a report before the House of Commons before the specified date giving the Secretary of State's reasons for not doing so.
(4) In this section “the specified date”, in relation to a financial year, means the date on which the local government finance report for the year under paragraph 5(1) of Schedule 7B to the 1988 Act is approved by resolution of the House of Commons.

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Source: https://www.legislation.gov.uk/ukpga/1992/14/section/52ZD (the official version)
Page: https://openlegislation.uk/local-government-finance-act-1992/section-52ZD
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.