In the Local Government Finance Act 1988 after section 48 insert—

“48ADiscretionary relief: functions of Mayoral development corporations

(1)

The Mayor of London may require a billing authority to provide the Mayor with information to assist the Mayor with making decisions under section 214 of the Localism Act 2011 (Mayor's power to decide that a Mayoral development corporation should have functions under section 47 above).

(2)

A Mayoral development corporation which has, or expects to have, functions under section 47 above may require a billing authority to provide the corporation with information to assist the corporation to exercise functions under that section.

(3)

A billing authority must comply with a requirement imposed on it under subsection (1) or (2) above so far as the requirement relates to information available to the billing authority.

(4)

A person to whom information is provided in response to a requirement imposed under subsection (1) or (2) above may use the information only for the purposes for which it was sought.

(5)

The Secretary of State may by regulations make transitional provision in connection with, or in anticipation of, a Mayoral development corporation—

(a)

beginning to exercise functions under section 47 above, or

(b)

ceasing to exercise functions under that section.

(6)

The Secretary of State may by regulations make provision about payment by a Mayoral development corporation to a billing authority of amounts—

(a)

as regards the operation of section 47 above in cases where the corporation has exercised functions under that section;

(b)

as regards costs of collection and recovery in such cases.”