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Local Government Act 2003

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Changes over time for: Section 12

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Changes to legislation:

Local Government Act 2003, Section 12 is up to date with all changes known to be in force on or before 27 February 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

12Power to investE+W
This section has no associated Explanatory Notes

A local authority may invest—

(a)for any purpose relevant to its functions under any enactment, or

(b)for the purposes of the prudent management of its financial affairs.

[F1This is subject to a direction under section 12A (risk-mitigation directions).]

Textual Amendments

Commencement Information

I1S. 12 in force at 27.11.2003 for W. for the purpose of and in relation to financial years beginning on or after 1.4.2004 by S.I. 2003/3034, art. 2, Sch. 1 Pt. I (with Sch. 2 para. 3)

I2S. 12 in force at 1.4.2004 for E. by S.I. 2003/2938, art. 7(a) (with art. 8, Sch.)

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