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Local Government, Planning and Land Act 1980
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Changes over time for: Cross Heading: Guarantees
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Changes to legislation:
Local Government, Planning and Land Act 1980, Cross Heading: Guarantees is up to date with all changes known to be in force on or before 11 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
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Schedule 31 Part II Crossheading Guarantees:
- s. 98(A1)(B1) inserted by 2016 c. 22 s. 209(2)
- s. 98(8)(d) and word added by 1989 c. 42 Sch. 11 para. 56
- s. 98(8)(d) word substituted by 2007 c. 28 Sch. 14 para. 3(2)(a)(i)
- s. 98(8)(d) words substituted by 2007 c. 28 Sch. 14 para. 3(2)(a)(ii)
- s. 98(8A) added by 1989 c. 42 Sch. 11 para. 56
- s. 98(8A) word substituted by 2007 c. 28 Sch. 14 para. 3(2)(b)
- s. 98(8A)(aa) inserted by 1994 c. 19 s. 66(6) Sch. 16 para. 57(4)
- s. 98(10) inserted by 2016 c. 22 s. 209(3)
- s. 100(1)(1A) substituted for s. 100(1) by 1989 c. 42 Sch. 11 para. 57
- s. 100(1)(a) words substituted by 2007 c. 28 Sch. 14 para. 3(3)(a)
- s. 100(1ZA) (1ZB) inserted by 2007 c. 28 Sch. 14 para. 3(3)(b)
- s. 134(1B) inserted by 2023 c. 55 s. 171(2)
- s. 134(3C) inserted by 2023 c. 55 Sch. 16 para. 2(5)
- s. 134(6)(7) inserted by 2023 c. 55 Sch. 16 para. 2(11)
- s. 134A inserted by 2023 c. 55 s. 171(3)
- s. 135(4A)-(4C) inserted by 2023 c. 55 s. 171(6)
- s. 135(7) inserted by 2023 c. 55 Sch. 16 para. 3(3)
- s. 149(1A) inserted by 2023 c. 55 s. 174(2)(a)
- s. 149(2A) inserted by 2023 c. 55 s. 174(2)(c)
- s. 149(3A) inserted by 2023 c. 55 s. 174(2)(e)
- s. 149(4A) inserted by 2023 c. 55 s. 174(2)(f)
- s. 149A inserted by 2023 c. 55 s. 174(3)
- Sch. 26 para. 1A inserted by 2023 c. 55 s. 178(1)(b)
- Sch. 29 Pt. 1 para. 1 inserted by 2023 c. 55 s. 174(4)(a)
- Sch. 29 Pt. 1 para. 3 inserted by 2023 c. 55 s. 174(4)(c)
- Sch. 29 Pt. 1 para. 5 inserted by 2023 c. 55 s. 174(4)(e)
- Sch. 29 Pt. 1 para. 2 words in Sch. 29 Pt. 1 renumbered as Sch. 29 Pt. 1 para. 2 by 2023 c. 55 s. 174(4)(b)
- Sch. 29 Pt. 1 para. 4 words in Sch. 29 Pt. 1 renumbered as Sch. 29 Pt. 1 para. 4 by 2023 c. 55 s. 174(4)(d)
- Sch. 31 para. 8(2A) inserted by 2023 c. 55 s. 179(1)(b)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 98(A1)(B1) inserted by 2016 c. 22 s. 209(2)
- s. 98(8)(d) and word added by 1989 c. 42 Sch. 11 para. 56
- s. 98(8)(d) word substituted by 2007 c. 28 Sch. 14 para. 3(2)(a)(i)
- s. 98(8)(d) words substituted by 2007 c. 28 Sch. 14 para. 3(2)(a)(ii)
- s. 98(8A) added by 1989 c. 42 Sch. 11 para. 56
- s. 98(8A) word substituted by 2007 c. 28 Sch. 14 para. 3(2)(b)
- s. 98(8A)(aa) inserted by 1994 c. 19 s. 66(6) Sch. 16 para. 57(4)
- s. 98(10) inserted by 2016 c. 22 s. 209(3)
- s. 100(1)(1A) substituted for s. 100(1) by 1989 c. 42 Sch. 11 para. 57
- s. 100(1)(a) words substituted by 2007 c. 28 Sch. 14 para. 3(3)(a)
- s. 100(1ZA) (1ZB) inserted by 2007 c. 28 Sch. 14 para. 3(3)(b)
- s. 134(1B) inserted by 2023 c. 55 s. 171(2)
- s. 134(3C) inserted by 2023 c. 55 Sch. 16 para. 2(5)
- s. 134(6)(7) inserted by 2023 c. 55 Sch. 16 para. 2(11)
- s. 134A inserted by 2023 c. 55 s. 171(3)
- s. 135(4A)-(4C) inserted by 2023 c. 55 s. 171(6)
- s. 135(7) inserted by 2023 c. 55 Sch. 16 para. 3(3)
- s. 149(1A) inserted by 2023 c. 55 s. 174(2)(a)
- s. 149(2A) inserted by 2023 c. 55 s. 174(2)(c)
- s. 149(3A) inserted by 2023 c. 55 s. 174(2)(e)
- s. 149(4A) inserted by 2023 c. 55 s. 174(2)(f)
- s. 149A inserted by 2023 c. 55 s. 174(3)
- Sch. 26 para. 1A inserted by 2023 c. 55 s. 178(1)(b)
- Sch. 29 Pt. 1 para. 1 inserted by 2023 c. 55 s. 174(4)(a)
- Sch. 29 Pt. 1 para. 3 inserted by 2023 c. 55 s. 174(4)(c)
- Sch. 29 Pt. 1 para. 5 inserted by 2023 c. 55 s. 174(4)(e)
- Sch. 29 Pt. 1 para. 2 words in Sch. 29 Pt. 1 renumbered as Sch. 29 Pt. 1 para. 2 by 2023 c. 55 s. 174(4)(b)
- Sch. 29 Pt. 1 para. 4 words in Sch. 29 Pt. 1 renumbered as Sch. 29 Pt. 1 para. 4 by 2023 c. 55 s. 174(4)(d)
- Sch. 31 para. 8(2A) inserted by 2023 c. 55 s. 179(1)(b)
GuaranteesE+W+S
5(1)The Treasury may guarantee, in such manner and on such conditions as they think fit, the repayment of the principal of [F1the payment of interest on and the discharge of any other financial obligation in connection with] any sums which a corporation borrows from a person or body other than the Secretary of State.E+W+S
(2)Immediately after a guarantee is given under this paragraph, the Treasury shall lay a statement of the guarantee before each House of Parliament; and where any sum is issued for fulfilling a guarantee so given, the Treasury shall lay before each House of Parliament a statement relating to that sum, as soon as possible after the end of each financial year, beginning with which the sum is issued and ending with that in which all liability in respect of the principal of the sum and in respect of interest on it is finally discharged.
[F2(3)Any sums required for fulfilling a guarantee under this paragraph shall be charged on and issued out of—
(a)the Consolidated Fund, if required by the Treasury, or
(b)the Welsh Consolidated Fund, if required by the Welsh Ministers.]
(4)If any sums are issued in fulfilment of a guarantee given under this paragraph, the corporation shall make to the Treasury, at such times and in such manner as the Treasury may from time to time direct, payments of such amounts as the Treasury so direct in or towards repayment of the sums so issued and payments of interest, at such rates as the Treasury so direct, on what is outstanding for the time being in respect of sums so issued.
(5)Any sums received by the Treasury in pursuance of sub-paragraph (4) above shall be paid into the Consolidated Fund.
Textual Amendments
F1Words substituted by virtue of Miscellaneous Financial Provisions Act 1983 (c. 29, SIF 99:1), s. 4(1), Sch. 2
F2Sch. 31 para. 5(3) substituted (1.4.2007) by Government of Wales Act 2006 (c. 32), s. 161(3), Sch. 10 para. 12 (with Sch. 11 para. 22)
Modifications etc. (not altering text)
C1Sch. 31 para. 5(3) modified (temp.) (25.7.2006) by Government of Wales Act 2006 (c. 32), s. 161(2), Sch. 11 para. 59(a)
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