STATUTORY INSTRUMENTS.

S.I. No. 151 of 2004 .

VALUATION ACT 2001 (GLOBAL VALUATION) (APPORTIONMENT) (ELECTRICITY SUPPLY BOARD) ORDER 2004.

S.I. No. 151 of 2004 .

VALUATION ACT 2001 (GLOBAL VALUATION) (APPORTIONMENT) (ELECTRICITY SUPPLY BOARD) ORDER 2004.

I, CHARLIE McCREEVY, Minister for Finance, in exercise of the powers conferred on me by sections 53(8) and 58 of the Valuation Act 2001 (No. 13 of 2001), after consultation with the Minister for the Environment, Heritage and Local Government, hereby order as follows:

1. This Order may be cited as the Valuation Act 2001 (Global Valuation) (Apportionment) (Electricity Supply Board) Order 2004.

2. (1) The Commissioner of Valuation shall apportion the global valuation of the Electricity Supply Board, determined pursuant to the Valuation Act 2001 (Global Valuation) (Electricity Supply Board) Order 2003 ( S.I. No. 281 of 2003 ), between rating authorities in accordance with paragraphs (2) and (3) of this Article.

(2) The global valuation shall be apportioned to each rating authority in the proportion, expressed as a percentage, that the population in its area, as determined by the census of population taken under the Statistics (Census of Population) Order 2000 ( S.I. No. 395 of 2000 ), bears to the population of the State, as so determined.

(3) (a)  In respect of the period for which an existing valuation list remains in force in relation to the area of a rating authority the valuation apportioned to that authority under paragraph (2) of this Article shall be adjusted by a factor of ·00400050810135 to establish the valuation to be entered in the central valuation list pursuant to section 58 of the Valuation Act 2001 ( No. 13 of 2001 ). The apportioned and adjusted valuation for each rating authority shall be rounded to the nearest whole Euro.

(b)    Where the apportioned and adjusted valuation established pursuant to subparagraph (a) results in the amount concerned ending with €0.50, it shall be rounded upwards to the nearest whole Euro.