# The Combined Authorities (Borrowing) Regulations 2018

Draft 2018, ISBN 9780111167038

These Regulations provide for mayoral combined authorities to borrow money for a purpose relevant to all of their functions.

Made under: Local Government Act 2003

## Introductory text

Draft Regulations laid before Parliament under section 23(10) of the Local Government Act 2003 for approval by resolution of each House of Parliament.
Local Government, England
Made ***
Coming into force in accordance with regulation 1
The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 23(5) and 123(1) of the Local Government Act 2003 (“the 2003 Act”).
In accordance with section 23(6) of the 2003 Act the councils whose local government areas are comprised in the areas of the Cambridgeshire and Peterborough, Greater Manchester, Liverpool City Region, Tees Valley, West Midlands and West of England Combined Authorities and the Cambridgeshire and Peterborough, Greater Manchester, Liverpool City Region, Tees Valley, West Midlands and West of England Combined Authorities have consented to the specification of the functions in regulation 2 for the purposes of Part 1 of the 2003 Act.
A draft of this instrument has been laid before, and approved by a resolution of, each House of Parliament pursuant to section 23(10) of the 2003 Act.

## 1 Citation, commencement and application

(1) These Regulations may be cited as the Combined Authorities (Borrowing) Regulations 2018.
(2) These Regulations come into force on the day after the day on which they are made.
(3) These Regulations apply in relation to the following authorities—
(a) the Cambridgeshire and Peterborough Combined Authority;
(b) the Greater Manchester Combined Authority;
(c) the Liverpool City Region Combined Authority;
(d) the Tees Valley Combined Authority;
(e) the West Midlands Combined Authority;
(f) the West of England Combined Authority.

## 2 Borrowing

All functions of a combined authority other than its transport functions 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).

## Signature

Signed by authority of the Secretary of State for Housing, Communities and Local Government
Name
Parliamentary Under Secretary of State
Ministry of Housing, Communities and Local Government
Date

## Explanatory note

(This note is not part of the Regulations)
These Regulations provide for mayoral combined authorities to borrow money for a purpose relevant to all of their functions.
Regulation 2 specifies the functions of the combined authorities (other than transport functions) to which the power under section 1 of the Local Government Act 2003 (power to borrow) is to apply.
A full regulatory impact assessment has not been prepared as this instrument will have no impact on the costs of business and the voluntary sector.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111167038 (the official version)
Page: https://openlegislation.uk/draft-combined-authorities-borrowing-regulations-2018
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.