S.I. No. 605/2011 - Valuation Act 2001 (Global Valuation) (Apportionment) (RTE Transmission Network Limited) Order 2011.
Notice of the making of this Statutory Instrument was published in
“Iris Oifigiúil” of 25th November, 2011.
I, BRENDAN HOWLIN, Minister for Public Expenditure and Reform, in exercise of the powers conferred on me by sections 53(8) and 58 of the Valuation At 2001 (No. 13 of 2001) and the Finance (Transfer of Departmental Administration and Ministerial Functions) Order 2011 ( S.I. No. 418 of 2011 ), and after consultation with the Minister for the Environment, Community and Local Government (as adapted by the Environment, Heritage and Local Government (Alteration of Name of Department and Title of Minister) Order 2011 ( S.I. No. 193 of 2011 )), hereby order as follows:
1. (1) This Order may be cited as the Valuation Act 2001 (Global Valuation) (Apportionment) (RTE Transmission Network Limited) Order 2011.
(2) In this Order “Act of 2001” means the Valuation Act 2001 (No. 13 of 2001).
2. (1) The Commissioner of Valuation shall apportion the global valuation of RTE Transmission Network Limited, determined pursuant to section 53(6)(a) of the Act of 2001, between rating authorities, in accordance with paragraphs (2) and (3).
(2) The global valuation shall be apportioned between the rating authorities in whose areas property comprised in the valuation is situate in the proportion, expressed as a percentage, that the population resident in the area of each such authority, as determined by the census of population taken under the Statistics (Census of Population) Order 2005 ( S.I. No. 786 of 2005 ), bears to the total population of those rating authorities as so determined, subject always to the minimum value in any such rating authority area being no less than €8,000.
(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 to which paragraph (2) relates the valuation apportioned to such authority under that paragraph shall be multiplied by a factor of 0.003195 to establish the valuation to be entered in the central valuation list pursuant to section 58 of the Act of 2001. The apportioned and adjusted valuation for each rating authority shall, subject to subparagraph (b), be rounded to the nearest whole Euro.
(b) Where the apportioned and adjusted valuation established pursuant to subparagraph (a) results in the amount concerned being an amount in euro and 50 cent that amount shall be rounded upwards to the nearest whole Euro.
GIVEN under my Official Seal,
23 November 2011.
Minister for Public Expenditure and Reform.