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Regulation 2 Borrowing

Original text. Later amendments are not shown.

All functions of a combined authority other than its transport functionsf1 are specified for the purposes of section 23(5) of the Local Government Act 2003 (power to borrow money for a purpose relevant to a function specified in regulations).

Annotations

Footnotes

f1

Section 23(5) of the 2003 Act, as amended by the Local Democracy, Economic Development and Construction Act 2009 (c. 20) and the Cities and Local Government Devolution Act 2016 (c. 1), confers borrowing powers on a combined authority in relation to purposes relevant to its transport functions and to any other functions specified in regulations by the Secretary of State.