Local Government Act 2003 (c. 26)

SCHEDULES

SCHEDULE 7 U.K. Minor and consequential amendments

Greater London Authority Act 1999 (c. 29) E+W

72 (1) Section 119 (power to redistribute capital receipts of functional bodies) is amended as follows. E+W

(2) In subsection (2), for “expenditure for capital purposes” there is substituted “ capital expenditure ”.

(3) In subsection (3)—

(a) in paragraph (e), for “expenditure for capital purposes” there is substituted “ capital expenditure ”, and

(b) for paragraph (f) there is substituted—

“(f) for and in connection with treating the whole or a prescribed part of the relevant amount as added to the capital receipts of the assisted body, for the purposes of Chapter 1 of Part 1 of the Local Government Act 2003 (capital finance);”.

Commencement Information

I1 Sch. 7 para. 72 in force at 1.4.2004 by S.I. 2003/2938, art. 6(d)(i) (with art. 8, Sch.)