# The Local Authority (Stocks and Bonds) (Amendment) Regulations 1986, Regulation 3


In regulation 1(3)—
(a) for the definition of “local authority” there shall be substituted the following definition:
““local authority” means a county council, a district council, a London borough council, a parish or community council, the Inner London Education Authority, a joint authority established by Part IV of the Local Government Act 1985, a residuary body established by Part VII of that Act or an authority established by the Waste Regulation and Disposal (Authorities) Order 1985; ”;
and
(b) there shall be added at the end,
“and any reference to stocks or bonds issued by a local authority includes a reference to stocks or bonds the liability for which is for the time being vested in a local authority (being stocks or bonds issued by an authority which was abolished by section 1(1) of the Local Government Act 1985).”.

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Source: https://www.legislation.gov.uk/uksi/1986/345/regulation/3 (the official version)
Page: https://openlegislation.uk/local-authority-stocks-and-bonds-amendment-regulations-1986/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.