# The Local Government (Structural Changes) (Transfer of Functions, Property, Rights and Liabilities) Regulations 2008, Regulation 6: Interpretation and application of Part 3

Extent: E+W

(1) In this Part —
“associated property”, in relation to any land of a predecessor council, means —
(a)property in or on the land which is used or intended to be used by the council exclusively for the discharge of functions on the land;
(b)property which is so used or intended to be so used and which is kept elsewhere when not in use;
(c)investments or cash which relate exclusively to the land; and
(d)records which relate exclusively to the land;
“contract” includes any enforceable undertaking;
“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;
“investment” does not include any land held as an investment.
(2) Regulations 9 to 13 do not apply where regulation 7 applies.

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Source: https://www.legislation.gov.uk/uksi/2008/2176/regulation/6 (the official version)
Page: https://openlegislation.uk/local-government-structural-changes-transfer-of-functions-property-rights-and-liabilities-regulations-2008/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.