# The Major Precepting Authorities (Excessive Budget Requirements—Payments) (England) Regulations 2001, Regulation 2: Calculation of payment


The sum which a major precepting authority must pay to a billing authority under section 31(3) of the Local Government Act 1999 shall be equal to—
E×Tb×QTz where—
E (the authority’s contribution to council tax benefit) is the amount calculated in accordance with the Schedule to these Regulations;
Tb is the amount of the council tax base of the billing authority for its area, or, where the precept relates to a part of the billing authority’s area only, for that part of the area, and which in either case is included in the aggregate of amounts of council tax bases which is T for the purposes of section 44 of the 1992 Act or section 88 of the 1999 Act, as the case may be;
Q (estimated proportions of council tax yield accounted for by council tax benefit) is the amount shown for the billing authority in column 2 of Table A in the Schedule to the Collection Fund (General) (England) Directions 2001 made under section 98(4) to (6) of the Local Government Finance Act 1988 by the Secretary of State on 30th January 2001;
Tz is the aggregate of Tb multiplied by Q for all the billing authorities to which the precepting authority has issued a precept.

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Source: https://www.legislation.gov.uk/uksi/2001/219/regulation/2 (the official version)
Page: https://openlegislation.uk/major-precepting-authorities-excessive-budget-requirementspayments-england-regulations-2001/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.