Maximum revenue from certain rates

21 Certain rates must not exceed 30% of total rates revenue

(1)

The rates revenue sought by a local authority in any year from the rates described in subsection (2) must not exceed 30% of the total revenue from all rates sought by the local authority for that year.

(2)

The rates are—

(a)

uniform annual general charges that are set in accordance with section 15; and

(b)

targeted rates that are set on a uniform basis and are calculated in accordance with section 18(2) or clause 7 of Schedule 3.

(3)

Subsection (2) does not apply to targeted rates that are set solely for water supply or sewage disposal.

Compare: 1988 No 97 s 25