Explanatory note

These Regulations confer a power on the Residuary Body for Wales or Corff Gweddilliol Cymru to issue levies to the new principal councils created by the Local Government (Wales) Act 1994 for the purpose of meeting the Body’s expenditure in respect of financial years beginning in or after 1996.

The Regulations include provisions as to when levies are to be issued (regulation 4), the issue of substituted levies (regulation 7), the payment of levies (regulation 8) and interest on unpaid levies (regulation 9). Regulation 5 provides the method of apportioning the amount to be raised by levies between all the new authorities. Regulation 6 provides for the supply of information by the new authorities to the Residuary Body. Regulation 10 provides for a new authority to anticipate a levy which may be issued to it.