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Local Transport Act 2008

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Changes over time for: Cross Heading: Public transport companies etc

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Version Superseded: 01/04/2009

Alternative versions:

Status:

Point in time view as at 09/02/2009.

Changes to legislation:

Local Transport Act 2008, Cross Heading: Public transport companies etc is up to date with all changes known to be in force on or before 28 February 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. Help about Changes to Legislation

Public transport companies etcE+W

71Removal of certain disabilities and requirements for consentE+W

(1)Part 4 of the TA 1985 (which makes provision for the establishment of public transport companies and for the powers of Passenger Transport Authorities etc in relation to them) is amended as follows.

(2)In section 74 (disabilities of directors of public transport companies), omit subsections (3) to (12).

(3)Each of the following (which require the consent of the Secretary of State for the exercise of certain powers) is omitted—

(a)section 75(3) (subscription for, or acquisition or disposal of, certain shares, securities or other property or assets etc);

(b)section 79(3) (making or guaranteeing of certain loans);

(c)section 79(7) (guarantees etc in connection with disposals of certain shares, securities or other property or assets etc);

(d)in section 79(8) (provision of financial assistance by way of grants, loans, etc) the words “, with the consent of the Secretary of State,”.

Commencement Information

I1S. 71 in force at 9.2.2009 for E. by S.I. 2009/107, art. 2(2), Sch. 2 Pt. 1 (with Sch. 2 para. 5)

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