Electricity (Supply) (Amendment) Act, 1930
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Rating of the Board in respect of acquired undertakings. |
11.—(1) For the purposes of the assessment and levying of any rate leviable by a local authority, the valuation of any hereditament or tenement rateable to such rate which becomes vested in the Board by virtue of a vesting order made (whether before or after the passing of this Act) under section 39 of the Principal Act or by virtue of a conveyance made (whether before or after the passing of this Act) in pursuance of an agreement entered into under sub-section (2) of section 38 of the Principal Act shall, so long as such hereditament or tenement continues in the occupation of the Board, be deemed to be whichever of the following valuations is applicable, that is to say:— | |
(a) where the vesting order or conveyance by virtue of which such hereditament or tenement became vested in the Board was made before the passing of this Act, the valuation under the Valuation Acts of such hereditament or tenement which was in force at the date of such vesting order or conveyance (as the case may be); and | ||
(b) where the vesting order or conveyance by which such hereditament or tenement becomes vested in the Board is made after the passing of this Act, the valuation under the Valuation Acts of such hereditament or tenement which was in force for the year beginning on the 1st day of April, 1929. | ||
(2) Whenever any hereditament or tenement which becomes vested in the Board by virtue of a vesting order made (whether before or after the passing of this Act) under section 39 of the Principal Act or by virtue of a conveyance made (whether before or after the passing of this Act) in pursuance of an agreement entered into under sub-section (2) of section 38 of the Principal Act ceases to be in the occupation of the Board, the Board shall as from the 1st day of April next following such cesser pay a perpetual annuity to every local authority by whom rates were assessed in respect of such premises for the year then current equal to the rates assessed by such local authority on such hereditament or tenement for the year ending on the 31st day of March prior to the date of such cesser, and every such annuity shall be payable by equal half-yearly payments in advance on every 1st day of April and 1st day of October and shall be recoverable by such local authority from the Board as a civil debt. |