Modifications etc. (not altering text)
C1Pt. III (ss. 5-23): power to apply conferred (1.9.1997) by 1997 c. 50, s. 44(1), Sch. 4 para. (d)(i); S.I. 1997/1930, art. 3(2)(m)
C2Pt. III (ss. 5-23) extended (E.W.) (19.9.1995) by 1995 c. 25, ss. 65(7), 125(2), Sch. 8 para. 8(1) (with ss. 7(6), 115, 117, Sch. 8 para. 7)
(1)Every local authority or development body who undertake construction or maintenance work—
(a)of any of the descriptions specified in subsection (2) of section 10 above; or
(b)of any description specified by regulations under subsection (4) of that section,
whether under works contracts or by way of functional work or both, shall secure that, in respect of each financial year, [F1such financial objective as the Secretary of State may specify for that year is met by their revenue (as adjusted in such manner as he may so specify) for all the work of that description which is carried out in that year.]
[F2(1A)Where the Secretary of State specifies a financial objective under this section, he may define that objective by reference to such factors as he thinks fit.]
F3(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F3(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4
(5), (6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5
Textual Amendments
F1Words in s. 16(1) substituted (13.6.1994) by Local Government Act 1992 (c. 19), s. 11, Sch. 1 para. 4(1); S.I. 1994/1445, art. 2
F2S. 16(1A) inserted (13.6.1994) by Local Government Act 1992 (c. 19), s. 11, Sch. 1 para. 4(2); S.I. 1994/1445, art. 2
F3S. 16(2)(3) repealed (8.8.1996) by Local Government Act 1992 (c. 19), s. 29, Sch. 4 Pt. I; S.I. 1996/1888, art. 2
F4S. 16(4) repealed by Local Government Act 1988 (c. 9, SIF 81:1, 2), ss. 32, 41, Sch. 6 para. 6, Sch. 7 Pt. III (subject to the provision at the end of that Part)
F5Ss. 16(5)(6), 19(3)(4) repealed by Local Government Act 1988 (c. 9, SIF 81:1, 2), s. 41, Sch. 7 Pt. III (subject to the provision at the end of that Part)
Modifications etc. (not altering text)
C3S. 16 applied (9.1.1995) by S.I. 1994/3167, regs. 4, 6(1)