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Local Government Act 2003

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Changes over time for: Section 38

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Version Superseded: 25/02/2020

Alternative versions:

Status:

Point in time view as at 27/11/2003. This version of this provision has been superseded. Help about Status

Changes to legislation:

Local Government Act 2003, Section 38 is up to date with all changes known to be in force on or before 03 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. Help about Changes to Legislation

38Loans by Public Works Loan CommissionersE+W

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(1)The Secretary of State may, if he thinks it appropriate, make payments to the Public Works Loan Commissioners so as to reduce or extinguish such debt (whether then due or not) of a local authority in England to those Commissioners as he thinks fit.

(2)The National Assembly for Wales may, if it thinks it appropriate, make payments to the Public Works Loan Commissioners so as to reduce or extinguish such debt (whether then due or not) of a local authority in Wales to those Commissioners as the Assembly thinks fit.

(3)The amount—

(a)required to extinguish a debt, or

(b)by which a payment reduces a debt,

shall be such as may be determined by the Commissioners.

(4)The Commissioners may refuse to accept a payment which the Secretary of State or the National Assembly for Wales proposes to make to them under this section.

(5)In this section “local authority” means—

(a)in relation to England—

(i)a district council,

(ii)a county council that is the council for a county in which there are no district councils,

(iii)a London borough council,

(iv)the Common Council of the City of London, or

(v)the Council of the Isles of Scilly; and

(b)in relation to Wales, a county council or a county borough council.

Commencement Information

I1S. 38 partly in force; s. 38 in force for E. at 18.11.2003 see s.128(2)(b)

I2S. 38 in force at 27.11.2003 for W. by S.I. 2003/3034, art. 2, Sch. 1 Pt. I

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