SCHEDULES
SCHEDULE 7Minor and consequential amendments
Greater London Authority Act 1999 (c. 29)
I177
1
Section 124 (admissible factors in preparing capital spending plan etc.) is amended as follows.
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;
b
for paragraph (c) there is substituted—
c
the amount met by borrowing or entering into or varying credit arrangements;