Part III Financial Provisions
Chapter V Financial Administration, Accounts and Audit
Financial administration
I1130 Functions of chief finance officer as regards reports.
1
Section 114 of the M1Local Government Finance Act 1988 (functions of responsible officer as regards reports) shall be amended as follows.
2
In subsection (1) (person having responsibility for administration of financial affairs under certain provisions to have functions as regards reports) after section 73 of the 1985 Act there shall be inserted “
, section 127 of the 1999 Act
”
.
3
After subsection (3A) (preparation of report: duty to consult head of paid service and monitoring officer) there shall be inserted—
3B
Subsection (3A) above shall have effect in relation to the London Development Agency with the substitution for paragraphs (a) and (b) of the words with the person who is for the time being appointed under paragraph 4(2) of Schedule 2 to the M2Regional Development Agencies Act 1998 as the chief executive of the London Development Agency.
3C
Subsection (3A) above shall have effect in relation to Transport for London with the substitution for paragraphs (a) and (b) of the words with the person who is for the time being designated for the purpose under subsection (3D) below.
3D
Transport for London shall designate a member of Transport for London, or a member of the staff of Transport for London, as the person who is to be consulted under subsection (3A) above.
4
After subsection (4) (duty to send copy of report to each member of the authority etc) there shall be inserted—
4A
The duty under subsection (4)(b) above—
a
in a case where the relevant authority is the Greater London Authority, is to send a copy of the report to the Mayor of London and to each member of the London Assembly; and
b
in a case where the relevant authority is a functional body, within the meaning of the 1999 Act, includes a duty to send a copy of the report to the Mayor of London and to the Chair of the Assembly, within the meaning of that Act.