Vocational Education (Amendment) Act, 1962

Amendment of section 43 of Principal Act.

2.—(1) Section 43 of the Principal Act is hereby amended by the insertion after subsection (2) (inserted by the Act of 1950) of the following subsection:

“(2A) The amount of the annual local contribution payable by the rating authority to a vocational education committee in respect of a local financial year commencing on or after the 1st day of April, 1963, shall not exceed a sum (in this Act referred to as the maximum annual liability) equal to a rate of twenty-four pence in the pound on the rateable value of the area of charge at the commencement of the immediately preceding local financial year.”

(2) Section 1 of the Vocational Education (Amendment) Act, 1953 , is hereby repealed.

(3) Subsections (1) and (2) of this section shall come into operation on the 1st day of November, 1962.