The Local Authorities (Capital Finance, Approved Investments and Contracts) (Amendment) Regulations 2000

• Citation: S.I. 2000/1033
• Sections: 4

Section 1 Citation, commencement and extent

These Regulations, which extend to England only , may be cited as the Local Authorities (Capital Finance, Approved Investments and Contracts) (Amendment) Regulations 2000 and shall come into force on 8th May 2000.

Section 2 Capital Finance Regulations

The Local Authorities (Capital Finance) Regulations 1997 shall be amended in regulation 24 (other leases excluded from section 48) by the addition of the following at the end of paragraph (2)—

; or

(g) any order, scheme or other instrument made under the Greater London Authority Act 1999 or the Regional Development Agencies Act 1998

Section 3 Approved Investments Regulations

(1) The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990 shall be amended as follows.

(2) In Regulation 1(2), in the definition of “relevant lender”, for “paragraph 28, 29 or 30” substitute “any of paragraphs 28 to 35”.

(3) At the end of Part II of the Schedule, add—

(31) The Greater London Authority.

(32) The Metropolitan Police Authority.

(33) The London Development Agency.

(34) The London Fire and Emergency Planning Authority.

(35) Transport for London.

Section 4 Contracts Regulations

(1) The Local Authorities (Contracts) Regulations 1997 shall be amended as follows.

(2) In regulation 5(1), after sub-paragraph (e) omit “and” and after sub-paragraph (f) insert—

(g) Transport for London; and

(h) the London Development Agency.

(3) In regulation 6(1)—

(a) after “section 111 of the Local Government Act 1972 (subsidiary powers of local authorities)” insert “or, in the case of the Greater London Authority, in section 34(1) of the Greater London Authority Act 1999 or, in the case of Transport for London, in paragraph 1(3) of Schedule 10 to the Greater London Authority Act”; and

(b) in sub-paragraph (b), after “section 111 of the Local Government Act 1972” insert “or, in the case of the Greater London Authority, section 34(1) of the Greater London Authority Act 1999 or, in the case of Transport for London, paragraph 1(3) of Schedule 10 to the Greater London Authority Act”.

(4) In regulation 7—

(a) in paragraph (1) for “or section 6 of the 1989 Act” substitute “, section 6 of the 1989 Act or section 127 of the Greater London Authority Act 1999,”; and

(b) in paragraph (2)(a) after “section 2(6) of the 1989 Act” insert “or, in the case of the Greater London Authority, its chief finance officer”.