RATING AND VALUATION Citation and commencement 1 This Order may be cited as the Water Undertakers (Rateable Values) (Amendment) Order 1993 and shall come into force on the day after the day on which it is made. Amendment of Order 2 The Water Undertakers (Rateable Values) Order 1989 is amended in accordance with the following provisions of this Order. Amendment of Part I 3 In article 2 (interpretation), after the definition of “relevant year” there is inserted the following definition— “the standard formula” means the formula T + U where— T is the amount specified in relation to a class of hereditaments in column 1 of the Schedule; and U is the recalculation factor applicable to that class determined in accordance with Part IV in respect of the relevant year; . Amendment of Part II 4 In Part II (initial rateable values)— a for paragraph (b) of article 5 (interpretation) there is substituted the following— b T and U have the meanings given in the definition of “the standard formula”. ; and b in article 11 (decreasing rateable values)— i in paragraph (2), for the words “The rateable value” there are substituted the words “Except in a case to which paragraph (2A) applies, the rateable value”; ii after paragraph (2) there is inserted the following— 2A This paragraph applies to any class of hereditaments included in combined hereditaments within the meaning of Part V. 2B In a case to which paragraph (2A) applies, article 17 shall apply as if the rateable value of the class in question for the year in which it is first included as mentioned in that paragraph and later years would (but for that article) have been determined in accordance with Part III. ; and ii in paragraph (3) for the words “any such year” there are substituted the words “any intermediate year”. Amendment of Part III 5 In article 12 (general provision for rateable values) for the words “In the case” there are substituted the words “Subject to article 11(2B) and Part V, in the case”. Special cases 6 After Part IV (annual recalculation of rateable values) there is inserted the following— PART V CALCULATION OF RATEABLE VALUES: SPECIAL CASES Interpretation of Part V 15 In this Part— “combined hereditaments” means the scheme hereditaments and any other water hereditaments occupied by a scheme transferee; “Schedule 2 scheme” means a scheme under Schedule 2 to the Water Industry Act 1991; “scheme hereditaments” means water hereditaments transferred by a Schedule 2 scheme; and “scheme transferee” means a water undertaker which, in consequence of a Schedule 2 scheme, occupies a class of hereditaments which immediately before the day on which the scheme comes into force are occupied by another water undertaker. Application of Part V 16 This Part applies for the purpose of determining, as regards any day on which, pursuant to the Central Rating Lists Regulations 1989, combined hereditaments occupied by a scheme transferee are shown in a central rating list, the rateable value (as a whole) of those hereditaments. Determination of rateable values 17 1 The rateable value (as a whole) of combined hereditaments shall be an amount equal to the aggregate of the amounts which, but for the Schedule 2 scheme, and subject to paragraph (2) below, would have been determined in accordance with Part III, as the rateable value of the classes of hereditaments which constitute the combined hereditaments. 2 For the purposes of determining the recalculation factor applicable in a relevant year, Part IV shall apply as if, in calculating the amount assigned to Y or, in a case to which article 14(3) applies, the number assigned to Z, water supplied by or to the scheme transferee to or by another party to the Schedule 2 scheme were ignored. . Michael Howard Secretary of State for the Environment 12th March 1993 David Hunt Secretary of State for Wales 15th March 1993