# The Water Undertakers (Rateable Values) (Amendment) Order 1993, Article 3: Amendment of Part I


In article 2 (interpretation), after the definition of “relevant year” there is inserted the following definition—
““the standard formula” means the formula
T+U where—
T is the amount specified in relation to a class of hereditaments in column 1 of the Schedule; and
U is the recalculation factor applicable to that class determined in accordance with Part IV in respect of the relevant year;”.

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Source: https://www.legislation.gov.uk/uksi/1993/772/article/3 (the official version)
Page: https://openlegislation.uk/water-undertakers-rateable-values-amendment-order-1993/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.