Regulation 2 Interpretation

In these Regulations—

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

• “the Agreement” means the agreement entitled the “Standby Refinancing Facility Agreement in respect of the Northern Line Extension to Battersea Power Station” between the Treasury and the Greater London Authority dated 30th January 2014 as amended and restated by deed executed on 1st September 2014^f1;

• “designated area” means an area designated by regulation 3 and Schedule 1;

• “local list” means a list compiled and maintained in accordance with section 41 of the 1988 Act^f2 (local rating lists);

• “non-domestic rating income” has the meaning given by Schedule 2;

• “preceding year” means the year immediately preceding the year for which a calculation under these Regulations is being made;

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

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

• “specified year” means a year falling within the period specified in regulation 4 or 5(1).