Local Councils (Financial) (Amendment) Regulations, 2003

L.N. 320 of 2003

LOCAL COUNCILS ACT

(CAP. 363)

Local Councils (Financial) (Amendment) Regulations, 2003

IN exercise of the powers conferred by articles 67 and 72 of the

Local Councils Act, the Minister for Justice and Home Affairs, in

conjunction with the Minister of Finance and Economic Affairs, has

made the following regulations>–

The title of these regulations is the Local Councils (Financial)

(Amendment) Regulations, 2003 and they shall be read and construed

as one with the Local Councils (Financial) Regulations 1993, hereinafter

referred to as “the principal regulations”.

Subregulation (1) of regulation 4 of the principal regulations

shall be amended as follows>–

(a) in regulation (c) thereof, for the words “in the Act<” there

shall be substituted the words “in the Act>”< and

(b) immediately at the end of paragraph (c) there shall be

added the following proviso>–

“Provided that as from 1 October, 2003 to 31 March,

2004, there shall apply a rate of not less than five per cent of

the allocation approved in terms of the Act instead of the

aforementioned rate of ten per cent applicable for other

periods.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press