PART 5Consequential and supplemental provision
Consequential amendments15
1
In section 37(1) (general interpretation) of the Local Government (Scotland) Act 197514, in the definition of “prescribed” the words “, except in paragraph 6 of Schedule 3,” are repealed.
2
In Schedule 3 to that Act—
a
in paragraph 22(3) (operation of capital, renewal and repair, and insurance funds)15, for “advanced to the loans fund” substitute “used for any purpose for which a local authority may borrow money”; and
b
in paragraph 25(2)(b) (repayment of fund advances)—
i
the word “earlier” is repealed; and
ii
the words from “within”, where it first occurs, to “period”, where it second occurs, are repealed.
3
In section 33(1) of the Order in the Schedule to the Tay Road Bridge Order Confirmation Act 1991 (advances by councils to Tay Road Bridge Joint Board) 16, the words from “, in” to “1975,” are repealed.
Consequential revocations16
The following instruments are revoked—
a
the Local Authority Stocks and Bonds (Scotland) Regulations 197517;
b
the Local Authority Mortgages (Scotland) Regulations 197518;
c
the Local Authority Stocks and Bonds (Scotland) Amendment Regulations 198419; and
d
the Local Authority Stocks and Bonds (Scotland) Amendment Regulations 199120.
Supplemental provision17
In relation to the 2016-17 financial year the requirement in regulation 6(1) to determine authorised limits before the start of that financial year does not apply, but a local authority must determine its authorised limit for that financial year and for the 2017-18 and 2018-19 financial years no later than 30th June 2016.