Subject to any provision made by or under section 38 below, the following provision shall have effect with respect to the raising by a drainage board for any internal drainage district of their expenses for the financial year beginning in 1993 and each subsequent financial year, that is to say—
The drainage board for every internal drainage district, before 15th February 1993 and before 15th February in every subsequent year, shall determine for the financial year beginning on the following 1st April—
and the agricultural proportion for any financial year of land values in that district shall be the amount determined for that year under paragraph (a) above divided by the sum of that amount and the amount determined for that year under paragraph (b) above.
A determination made under subsection (2) above for any financial year shall be made as at the 31st December preceding that financial year.
For the purposes of this section the annual value of a chargeable property shall be its annual value for the purposes of Chapter II of this Part.
For the purposes of this section the value of other land in an internal drainage district shall , subject to subsection (5ZA) be taken to be—
one third of the annual value shown for that hereditament in that register on that date multiplied by a factor of 8.02;
The Secretary of State may by regulations make provision for the value of other land in an English internal drainage district to be determined in accordance with the regulations.
The provision that may be made under subsection (5ZA) includes, in particular, provision—
Regulations under subsection (5ZA) may apply in relation to—
Provision made by virtue of subsection (5ZC) may, in particular, include provision for an English drainage board—
Regulations under subsection (5ZA) may—
Provision made by virtue of subsection (5ZE)(b) may include provision which amends or repeals any provision of this Act.
Before making regulations under subsection (5ZA) the Secretary of State must consult such persons (if any) as the Secretary of State considers appropriate having regard to the extent to which the regulations are, in the view of the Secretary of State, likely to affect the valuation of any land.
Regulations may not be made under subsection (5ZA) unless a draft of the instrument containing the regulations has been laid before, and approved by a resolution of, each House of Parliament.
In paragraphs (a) and (b) of subsection (5) above—
"relevant proportion", in relation to the rateable value of any hereditament, means the proportion of that value which the area of the part of the hereditament lying within the internal drainage district in question bears to the total area of that hereditament; and
"valuation list" means a valuation list maintained under Part V of the General Rate Act 1967.