{
  "url": "https://openlegislation.uk/london-local-authorities-and-transport-for-london-act-2003/schedule-2/paragraph-5",
  "json_url": "https://openlegislation.uk/london-local-authorities-and-transport-for-london-act-2003/schedule-2/paragraph-5.json",
  "legislation": "ukla/2003/3",
  "legislation_title": "London Local Authorities and Transport for London Act 2003",
  "legislation_url": "https://openlegislation.uk/london-local-authorities-and-transport-for-london-act-2003",
  "path": "schedule/2/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "(1) This paragraph applies to accounts kept under paragraph 1(a) above.\n(2) Each borough council and Transport for London shall, after each financial year, report to the Mayor of London on any action taken by them, pursuant to paragraph 2 or 3 above, in respect of any deficit or surplus in their account for the year.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "applied by 2006 c. 12 s. 16A(1)-(4)(12) (as inserted)",
      "affecting": "ukpga/2011/22",
      "affecting_title": "London Olympic Games and Paralympic Games (Amendment) Act 2011"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukla/2003/3/schedule/2/paragraph/5",
    "retrieved_at": "2026-10-29T14:45:19.510288+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}