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Regulation 3 East Midlands Combined County Authority borrowing

Original text. Later amendments are not shown.

All functions of the East Midlands Combined County Authorityf1 are specified for the purposes of section 23(8A) of the Local Government Act 2003 (power to borrow money for a purpose relevant to a function specified in regulations)f2.

Annotations

Footnotes

f1

The authority was established under regulation 3 of S.I. 2024/232 and its functions are set out in Parts 5 to 10 of those Regulations, who, on or before 22nd October 2024 has entered into a debt agreement with His Majesty’s Treasury.

f2

Section 23(8A) of the Local Government Act 2003, as amended by the Levelling-up and Regeneration Act 2023 (c. 55) confers borrowing powers on a combined county authority in relation to any other functions specified in regulations by the Secretary of State.