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Changes over time for: Section 124


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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Point in time view as at 01/01/2004.
Changes to legislation:
Greater London Authority Act 1999, Section 124 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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124 Admissible factors in preparing capital spending plan etc.E+W+S
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adran has no associated
Nodiadau Esboniadol
(1)In preparing a capital spending plan for any financial year, the Mayor may take account of such factors as appear to him to be appropriate.
(2)The reference in subsection (1) above to preparing a capital spending plan for a financial year includes a reference to deciding, in the case of each of the functional bodies,—
(a)the minimum amount of grant which the Authority is to pay to the body for the year under section 120 above; and
[(b)the amounts to be transferred to the body under section 32(5) of the Local Government Act 2003 (Mayor’s power to transfer expenditure grant);]
(3)Without prejudice to the generality of subsection (1) above, the Mayor may in particular take account of—
(a)the capital spending plans for such financial years which have ended as he may determine; and
(b)the amounts of each functional body’s total capital spending specified in section C of each of those plans which have been met as described in each of the paragraphs of subsection (4) below.
(4)Those amounts are—
(a)the amount met out of capital grants made to the body;
[(b)the amount met out of ... the body’s capital receipts;
[(c)the amount met by borrowing or entering into or varying credit arrangements;]
(d)the amount met by making a charge to a revenue account.]
Textual Amendments
Commencement Information
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