# The Combined Authorities (Borrowing) Regulations 2018, Note: 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/note (the official version)
Page: https://openlegislation.uk/draft-combined-authorities-borrowing-regulations-2018/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.