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Changes over time for: Section 15
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 18/04/2016.
Changes to legislation:
There are currently no known outstanding effects for the Greater London Authority Act 2007, Section 15.
Changes to Legislation
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15Deemed component budget requirements for last old financial yearE+W
This section has no associated Explanatory Notes
(1)This section has effect for the purpose of implementing Schedules 6 and 7 to the GLA Act 1999 in the first new financial year.
(2)The Authority's chief finance officer must for that purpose designate for the last old financial year amounts which are respectively to be regarded as—
(a)the component budget requirement for the Mayor for that year, and
(b)the component budget requirement for the Assembly for that year.
(3)The chief finance officer must consult the Mayor and the Assembly before making any such designation.
(4)The chief finance officer must make the designations required by this section no later than 31st December in the last old financial year.
(5)For the purposes of this section—
“the first new financial year” is the first financial year in relation to which paragraph 5A or 8A of Schedule 6 to the GLA Act 1999 (see section 13) has effect;
“the last old financial year” is the financial year immediately preceding the first new financial year.
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