68E+WThe Greater London Authority Act 1999 is amended as follows.
Commencement Information
I1Sch. 7 para. 68 in force at 18.11.2003 by S.I. 2003/2938, art. 2(a) (with art. 8, Sch.)
69(1)Section 52 (meetings of the London Assembly) is amended as follows.E+W
(2)After subsection (4) there is inserted—
“(4A)There must be at least 21 clear days between a meeting under subsection (3) above and the last such meeting before it, but this does not apply to the gap between the first such meeting after an ordinary election and the last such meeting before that election.”
(3)In subsection (6)(b) (notice of meeting under subsection (3) to be given at least 28 clear days before meeting), for “28” there is substituted “ 14 ”.
(4)Subsection (7) (notice of meeting not to be given during currency of a notice already given) is omitted.
Commencement Information
I2Sch. 7 para. 69 in force at 18.11.2003 by S.I. 2003/2938, art. 2(a) (with art. 8, Sch.)
F170E+W. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 7 para. 70 repealed (15.1.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 25 Pt. 13; S.I. 2012/57, art. 4(1)(ee)(iii)
71E+WSections 112 to 118 (credit approvals) cease to have effect.
Commencement Information
I3Sch. 7 para. 71 in force at 1.1.2004 for specified purposes by S.I. 2003/2938, art. 4(d)(ii) (with art. 8, Sch.)
I4Sch. 7 para. 71 in force at 1.4.2004 for specified purposes by S.I. 2003/2938, art. 6(d)(ii) (with art. 8, Sch.)
72(1)Section 119 (power to redistribute capital receipts of functional bodies) is amended as follows.E+W
(2)In subsection (2), for “expenditure for capital purposes” there is substituted “ capital expenditure ”.
(3)In subsection (3)—
(a)in paragraph (e), for “expenditure for capital purposes” there is substituted “ capital expenditure ”, and
(b)for paragraph (f) there is substituted—
“(f)for and in connection with treating the whole or a prescribed part of the relevant amount as added to the capital receipts of the assisted body, for the purposes of Chapter 1 of Part 1 of the Local Government Act 2003 (capital finance);”.
Commencement Information
I5Sch. 7 para. 72 in force at 1.4.2004 by S.I. 2003/2938, art. 6(d)(i) (with art. 8, Sch.)
73E+WIn section 120 (capital grants between the Greater London Authority and functional bodies), for “expenditure for capital purposes”, in each place where it occurs, there is substituted “ capital expenditure ”.
Commencement Information
I6Sch. 7 para. 73 in force at 1.4.2004 by S.I. 2003/2938, art. 6(d)(i) (with art. 8, Sch.)
74E+WIn section 121 (revenue grants between the Greater London Authority and functional bodies), for “expenditure for capital purposes”, in each place where it occurs, there is substituted “ capital expenditure ”.
Commencement Information
I7Sch. 7 para. 74 in force at 1.4.2004 by S.I. 2003/2938, art. 6(d)(i) (with art. 8, Sch.)
75(1)Section 122 (Mayor’s capital spending plan for each functional body) is amended as follows.E+W
(2)In subsection (3)(c), for “usable part of the body’s capital receipts is” there is substituted “ body’s capital receipts are ”.
(3)In subsection (4) (content of section B of the plan), for paragraphs (b) to (d) there is substituted—
“(b)the total of the amounts which the Mayor expects the body—
(i)to borrow in the year, or
(ii)to be treated as borrowing in the year because of section 8(2) of the Local Government Act 2003 (under which entry into, or variation of, a credit arrangement is treated as a form of borrowing).”
(4)In subsection (5) (content of section C of the plan)—
(a)in paragraph (a), for “expenditure for capital purposes” there is substituted “ capital expenditure ”, and
(b)for paragraph (b) there is substituted—
“(b)the total of the amounts which the Mayor expects the body to be treated as borrowing in the year because of section 8(2) of the Local Government Act 2003;”.
(5)In subsection (6) (content of section D of the plan), for paragraph (c) there is substituted—
“(c)the amount which he expects the body to meet by borrowing or entering into or varying credit arrangements;”.
Commencement Information
I8Sch. 7 para. 75 in force at 1.1.2004 by S.I. 2003/2938, art. 4(d)(i) (with art. 8, Sch.)
76E+WIn section 123 (preparation of capital spending plan), for subsection (1) there is substituted—
“(1)For each financial year, the Mayor shall prepare a draft of the capital spending plan for the year.”
Commencement Information
I9Sch. 7 para. 76 in force at 1.1.2004 by S.I. 2003/2938, art. 4(d)(i) (with art. 8, Sch.)
77(1)Section 124 (admissible factors in preparing capital spending plan etc.) is amended as follows.E+W
(2)In subsection (2), for paragraph (b) there is substituted—
“(b)the amounts to be transferred to the body under section 32(5) of the Local Government Act 2003 (Mayor’s power to transfer expenditure grant);”.
(3)In subsection (4)—
(a)after paragraph (a) there is inserted—
“(aa)the amount met out of grants under section 31 of the Local Government Act 2003 (expenditure grant) made to the body;”, and
(b)for paragraph (c) there is substituted—
“(c)the amount met by borrowing or entering into or varying credit arrangements;”.
Commencement Information
I10Sch. 7 para. 77 in force at 1.1.2004 by S.I. 2003/2938, art. 4(d)(i) (with art. 8, Sch.)
78(1)Section 126 (interpretation of Chapter 4) is amended as follows.E+W
(2)For subsection (1) there is substituted—
“(1)In this Chapter—
“capital expenditure” and “capital receipt” have the same meaning as in Chapter 1 of Part 1 of the Local Government Act 2003 (capital finance);
“capital spending plan” means a capital spending plan under section 122 above.”
(3)In subsection (2), for the words from “Part IV” to “section 48” there is substituted “ Chapter 1 of Part 1 of the Local Government Act 2003 (see section 7 ”.
Commencement Information
I11Sch. 7 para. 78 in force at 1.4.2004 for specified purposes by S.I. 2003/2938, art. 6(d)(i) (with art. 8, Sch.)