Regulation 1 Citation, commencement, extent and application

(1)

These Regulations may be cited as the Combined Authorities (Borrowing) Regulations 2022.

(2)

These Regulations come into force on the day after the day on which they are made.

(3)

These Regulations extend to England and Wales and apply to the following authorities—

(a)

the Newcastle Upon Tyne, North Tyneside and Northumberland Combined Authority, known as the North of Tyne Combined Authority^f1;

(b)

the South Yorkshire Mayoral Combined Authority^f2;

(c)

the West Yorkshire Combined Authority^f3^f4.

Annotations

f1: The authority was established under article 3 of S.I. 2018/1133 and its functions are set out in Parts 3 to 6 of that Order and S.I. 2019/1457.
f2: The authority was established under article 3 of S.I. 2014/863 and its functions are set out in Parts 3 and 4 of that Order and Parts 2 to 5 of S.I. 2020/806. The authority was previously known as the Barnsley, Doncaster, Rotherham and Sheffield Combined Authority but changed its name by resolution of 7th June 2021 with effect from 17th September 2021 in accordance with section 104(4) of the 2009 Act which applies section 97 of the Local Transport Act 2008 (c. 26) (change of name of ITA) to a combined authority as it applies to an Integrated Transport Authority.
f3: The authority was established under article 3 of S.I. 2014/864 and its functions are set out in Parts 3 and 4 of that Order and Parts 3 to 7 of S.I. 2021/112.
f4: Mayoral combined authorities who, on or before 19th January 2022 have entered into a debt agreement with Her Majesty’s Treasury. “Debt agreement” means an agreement between a combined authority and Her Majesty’s Treasury which provides for annual maximum limits on the long term external debt (borrowing for more than 12 months) into which the authority may enter.