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Changes over time for: Paragraph 75


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Status:
Point in time view as at 15/07/2022.
Changes to legislation:
Local Government Act 2003, Paragraph 75 is up to date with all changes known to be in force on or before 05 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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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;”.
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