Local Government and Public Involvement in Health Act 2007

24 Authorities dissolved by orders: control of disposals, contracts and reserves E+W

(1) The Secretary of State may direct that, with effect from a date specified in the direction, a relevant authority may not without the written consent of a person or persons so specified—

(a) dispose of any land if the consideration for the disposal exceeds £100,000;

(b) enter into any capital contract—

(i) under which the consideration payable by the relevant authority exceeds £1,000,000; or

(ii) which includes a term allowing the consideration payable by the relevant authority to be varied;

(c) enter into any non-capital contract under which the consideration payable by the relevant authority exceeds £100,000, where—

(i) the period of the contract extends beyond a date specified in the direction; or

(ii) under the terms of the contract, that period may be extended beyond that date; or

(d) include an amount of financial reserves in a calculation under section 32(3) or 43(3) of the Local Government Finance Act 1992 (c. 14).

(2) In this Chapter “relevant authority” means a local authority—

(a) which by virtue of an order under section 7 or 10 is to be dissolved; and

(b) which is specified, or of a description specified, in the direction.

(3) In this section—

• “capital contract” means a contract as regards which the consideration payable by the relevant authority would be capital expenditure for the purposes of Chapter 1 of Part 1 of the Local Government Act 2003 (c. 26) (capital finance);

• “non-capital contract” means a contract which is not a capital contract.

(4) A person specified in the direction as a person whose consent is required may be the Secretary of State or such authority or other person as he thinks appropriate; and the direction may specify different persons—

(a) in relation to different matters for which consent is required;

(b) in relation to different relevant authorities or descriptions of relevant authority.

Commencement Information

I1 S. 24 in force at 1.11.2007 for E. by S.I. 2007/3136, art. 2(a)