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The West Yorkshire Residuary Body (Transfer of Property etc.) Order 1990
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- UK Statutory Instruments
- 1990 No. 1024
- Article 11
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Loan Debt
11.—(1) The Local Government Reorganisation (Debt Administration) (West Yorkshire) Order 1986 (1)is hereby revoked subject to the following savings—
(a)article 3 of that Order (discharge of certain residuary functions by the designated council) shall continue to have effect; and
(b)articles 9(4) and 9(6) of that Order (administrative arrangements) shall continue to have effect until 1st July 1990.
(2) Liabilities vested in the designated council by article 3 of the Order referred to in paragraph (1) which have been transferred by deed to a local council shall be treated as money borrowed by that local council for the purposes of Part IV of the 1989 Act.
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