5(1)Section 55 of that Act (financial provisions relating to designation orders) shall be amended as follows.E+W+S
(2)In subsection (1), for the words from “designated” to the end there shall be substituted the words “for which they are the local authority and which are—
(a)in the case of the council of a London borough and the Common Council of the City of London, parking places on the highway; and
(b)in the case of any other authority, designated parking places.”
(3)After subsection (3) there shall be inserted—
“(3A)The council of each London borough and the Common Council of the City of London shall, after each financial year, report to the Secretary of State on any action taken by them, pursuant to subsection (2) or (3) above, in respect of any deficit or surplus in their account for the year.
(3B)The report under subsection (3A) above shall be made as soon after the end of the financial year to which it relates as is reasonably possible.”
(4)In subsection (4)(c), the words from “to the council” to “City of London” shall be omitted.
Commencement Information
I1Sch. 7 para. 5 partly in force; Sch. 7 para. 5 not in force at Royal Assent see s. 84(1); para. 5(1) partly in force and para. 5(4) wholly in force at 1.10.1991 by S.I.1991/2054, art. 3, Sch; Sch. 7 para. 5 in force for specified areas: at 5.7.1993 by S.I 1993/1461 art. 3; at 4.10.1993 by S.I. 1993/2229 art. 3(f); at 6.12.1993 by S.I. 1993/2803, art. 2(f); at 31.1.1994 by S.I. 1993/3238, art. 2(f) (as amended (18.1.1994) by S.I. 1994/81, art. 2); at 5.4.1994 by S.I. 1994/81, art. 3(f); at 4.7.1994 by S.I. 1994/1482, art. 2(f), Sch.; at 4.7.1994 by S.I. 1994/1484, art. 2(e)