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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 2009 Act and the 2016 Act, 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.