Section 135(3)

The number specified in an order under this section for the purposes of subsection (2) above shall (apart from any adjustment made to it to take account of rough grazing land) be such as the Minister making the order considers will secure, so far as reasonably practicable, that the amount specified in paragraph (a) below will be equal to the amount specified in paragraph (b) below, that is to say— the aggregate amount produced by any charge levied by reference to a relevant quotient . . .; and the aggregate amount which, if the chargeable land in the flood risk management region had been liable to be rated for the financial year beginning in 1989, would have been produced by a rate levied on the land at an amount in the pound (of rateable value) equal to that quotient multiplied by one penny.

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Source: legislation.gov.uk · retrieved 2026-07-30