Local Government Act 1972

Changes over time for: Section 98

Version Superseded: 22/08/1996

Alternative versions:

Status:

Point in time view as at 01/04/1996. This version of this provision has been superseded.

Status

You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.

Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.

Changes to legislation:

Local Government Act 1972, Section 98 is up to date with all changes known to be in force on or before 22 December 2024. 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

Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.

98 Interpretation of sections 95 and 97. E+W

(1)In sections 95 and 97 above “securities”[F1means—]

[F1(a)investments falling within any of paragraphs 1 to 6 of Schedule 1 to the Financial Services Act 1986 or, so far as relevant to any of those paragraphs, paragraph 11 of that Schedule; or

(b)rights (whether actual or contingent) in respect of money lent to, or deposited with, any society registered under the Industrial and Provident Societies Act 1965 or any building society within the meaning of the M1 Building Societies Act 1986.]

[F2(1A)In sections 94 and 97 above “local authority” includes a joint authority [F3and a police authority established under section 3 of the M2Police Act 1964] . . . F4 and in section 94(5)(a) above “principal council” includes any such authority.]

(2)In section 95 above “public body” includes any body established for the purpose of carrying on under national ownership any industry or part of an industry or undertaking, the governing body of any university, university college or college, school or hall of a university and the National Trust for Places of Historic Interest or Natural Beauty incorporated by the M3National Trust Act 1907.

Textual Amendments

F1S. 98(1)(a)(b) and word substituted by Financial Services Act 1986 (c. 60, SIF 69), s. 212(2), Sch. 16 para. 8(a)

F2S. 98(1A) inserted by Local Government Act 1985 (c. 51, SIF 81:1), s. 84, Sch. 14 Pt. I para. 13

F3Words in s. 98(1A) inserted (1.10.1994 for specified purposes otherwise 1.4.1995) by 1994 c. 29, s. 43, Sch. 4 Pt. I para. 7; S.I. 1994/2025, art. 6; S.I. 1994/3262, art. 4(1), Sch.