Regulation 3 InterpretationI1

In these Regulations—

• “the 1988 Act” means the Local Government Finance Act 1988;

• “baseline amount”, in relation to a billing authority, means the amount calculated under Part 3 of Schedule 2 in respect of a designated area for a specified year;

• “billing authority” means a billing authority in England all or part of whose area falls within a designated area;

• “designated area” means an area designated under regulation 4(1);

• “local list” means a local non-domestic rating list^f1;

• “non-domestic rating income”, in relation to a billing authority, means the amount calculated under Part 2 of Schedule 2 in respect of a designated area for a specified year;

• F1“period of designation” means—

  1. (a)

     for the York Central Enterprise Zone–York Central Site Designated Area F2and the Heart of the South West—Huntspill Energy Park Designated Area, the period of 35 years specified in regulation 4(3);

  2. (b)

     for any other designated area, the period of 25 years specified in regulation 4(2);

• “preceding year” means the chargeable financial year^f2 immediately preceding the specified year for which a calculation under Part 3 of Schedule 2 is made;

• “revaluation year” means a year in which a local list must be compiled under section 41 of the 1988 Act;

• “Schedule 7B” means Schedule 7B to the 1988 Act;

• “small business non-domestic rating multiplier”, in relation to a chargeable financial year, means the small business non-domestic rating multiplier for that year determined under Part 1 of Schedule 7 to the 1988 Act^f3; and

• “specified year” means a chargeable financial year falling within the period of designation.