reg 2 Calculation of budget requirement (billing authorities)
Section 32 of the 1992 Act has effect as if— (a) in subsection (3)(a) the words “or relevant special grant” were omitted; and (b) after subsection (12) the following subsection were inserted — (12A) In this section and section 33 below— (a) references to sums payable for the financial year in respect of redistributed non-domestic rates are references to sums so payable in accordance with the Local Government Finance Report (No.1) 2012-2013 (Final Settlement-Councils) approved by resolution of the National Assembly for Wales pursuant to section 84H(2) of, and paragraph 11B(1) of Schedule 8 to, the Local Government Finance Act 1988 on 10 January 2012; and (b) references to sums payable for the financial year in respect of revenue support grant are references to sums so payable in accordance with that report.