(1)Without prejudice to the powers conferred by section 137 of the M1Local Government Act 1972 (which authorises a local authority to incur expenditure which it considers is in the interests of its area or inhabitants of its area), an inner London council may incur expenditure in making preparations for the exercise on and after the abolition date of its LEA functions.
(2)Where before the passing of this Act any such council has incurred such expenditure, that expenditure shall be treated after the passing of this Act as authorised by subsection (1) above.
(3)The Secretary of State may pay grants to an inner London council in respect of such expenditure incurred or to be incurred by the council in any financial year ending before the abolition date.
(4)The Secretary of State may make any payment in respect of such a grant subject to compliance by the council concerned with such conditions as he may determine.
Marginal Citations