# The Local Authorities (Contracting Out of Investment Functions) Order 1996, Article 3: Contracting out of functions

Extent: E+W+S

The functions of an authority relating to the investment of money may, to the extent provided for in this Part and subject to the provisions of Part III of this Order, be exercised by, or by the employees of, such person (if any) as may be authorised to exercise them by the authority whose functions they are.

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Source: https://www.legislation.gov.uk/uksi/1996/1883/article/3 (the official version)
Page: https://openlegislation.uk/local-authorities-contracting-out-of-investment-functions-order-1996/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.