Paragraph 7 I1

After section 105C (inserted by paragraph 6 of this Schedule) insert—

“Non-mayoral combined authority: functions imposing financial liability

105D

(1)

This section applies where a non-mayoral combined authority considers that the exercise of a function by the authority may result in a financial liability being incurred by one or more constituent councils (each such council being a “relevant constituent council”).

(2)

The function may only be exercised with the consent of each relevant constituent council.

(3)

When deciding whether subsection (1) applies, the authority must have regard to the “Code of Practice on Local Authority Accounting in the United Kingdom” published by the Chartered Institute of Public Finance and Accountancy, as amended or reissued from time to time.”