The Greater London Authority Act 1999 (Commencement No. 3 and Transitional Finance Provisions) Order 1999

Explanatory Note

(This note is not part of the Order)

This Order brings into force specified provisions of the Greater London Authority Act 1999 relating to finance. Article 2 of this Order brings into force on the 12th January 2000 certain finance provisions in Chapters I to III and VI of Part III, subject to the transitional provisions set out in Schedule 1 to this Order, certain preparatory provisions in Part IV relating to the transition from London Regional Transport to Transport for London, preparations for Public-Private Partnership Agreements and GLA roads, preparatory provisions in Parts XI and XII. Article 3 brings into force certain finance related provisions in Chapters V and VI of Part III and Part XI, on 8th May 2000, when the GLA will come into existence. Article 4 brings into force the remaining provisions in Part III, Chapters I to III, V and VI, and further provisions in Part XI, on 3rd July 2000, when the GLA and functional bodies will assume most of their powers.

The transitional provisions in Schedule 1 are necessary because the Greater London Authority (“GLA”) and functional bodies will come into existence and assume their powers part way through the financial year beginning on 1st April 2000. Budget requirements need to be calculated, and precepts issued before the start of the financial year, so that billing authorities can include an amount for the GLA when setting their council taxes in accordance with section 30 of the Local Government Finance Act 1992.