# The Local Government (Structural Changes) (Further Financial Provisions and Amendment) Regulations 2009, Regulation 7: Amendment of the Local Government (Structural Changes) (Transfer of Functions, Property, Rights and Liabilities) Regulations 2008


The Local Government (Structural Changes) (Transfer of Functions, Property, Rights and Liabilities) Regulations 2008 are amended, in regulation 6 (interpretation and application of Part 3), in paragraph (1), by the substitution for the definition of “financial reserves” of—
““financial reserves”, in relation to a predecessor council and any successor council, means—
(a) the total of such amounts of a description contained in section 69(2A)(b) of the Local Government Finance Act 1992 (construction of references to expenditure incurred by a billing authority, major precepting authority or local precepting authority); and
(b) the total of the amount of the predecessor council’s capital receipts, as defined for the purposes of Chapter 1 of the Local Government Act 2003”.

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Source: https://www.legislation.gov.uk/uksi/2009/5/regulation/7 (the official version)
Page: https://openlegislation.uk/local-government-structural-changes-further-financial-provisions-and-amendment-regulations-2009/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.