(1)Schedule 4 to this Act shall have effect for amending the law relating to highways, streets and bridges, and Part I of Schedule 5 to this Act for amending certain enactments relating to road traffic, the principal purpose of the amendments being to transfer functions relating to those matters—
(a)from the Greater London Council to London borough councils and the Common Council; and
(b)from metropolitan county councils to metropolitan district councils.
(2)The supplementary provisions in Part II of Schedule 5 to this Act shall have effect in relation to the regulation of road traffic in Greater London and the metropolitan counties.
(3)Grants under section 6 of the [1974 c. 7.] Local Government Act 1974 (transport supplementary grant) for financial years beginning on or after the abolition date shall be payable to the councils of metropolitan districts and London boroughs and to the Common Council of the City of London and accordingly—
(a)in subsections (1)(a) and (4) of that section for the words " and the Greater London Council" and " or the Greater London Council" there shall be substituted respectively the words " , metropolitan district councils, London borough councils and the Common Council of the City of London " and " , a metropolitan district council, a London borough council or the Common Council" ;
(b)paragraph (a) of subsection (5) of that section shall be omitted and in paragraph (b) of that subsection for the words " a district council " there shall be substituted the words " a non-metropolitan district council " .