Regulation 3 Payments

Where the precepting authority and the billing authority have not before the date these Regulations come into force agreed when the sum calculated under regulation 2 is to be paid, then—

In this regulation, “the instalment days” means, in relation to a billing authority, the days in the financial year contained in the schedule of instalments determined before the date on which these Regulations come into force by that billing authority under regulations 4 and 6 of the Local Authorities (Funds) (England) Regulations 1992^f1.