Part III Financial Provisions

Chapter III Emergency Financial Assistance, Funds and Miscellaneous Matters

106 The Authority’s general fund.

1

Section 91 of the M1Local Government Finance Act 1988 (general funds) shall be amended as follows.

2

In subsection (1) (which specifies the relevant authorities) after paragraph (aa) there shall be inserted—

ab

the Greater London Authority,

3

In subsection (3) (general fund to be established on 1 April 1990, subject to subsection (3A)) for subsection (3A) there shall be substituted “ subsections (3A) and (3C) ”.

4

After subsection (3B) there shall be inserted—

3C

In the case of the Greater London Authority, the general fund must be established on a date specified in regulations.

5

In section 143 of the M2Local Government Finance Act 1988 (regulations and orders) in subsection (5) (exceptions from Parliamentary procedure) after regulations under section 75 there shall be inserted “ , 91(3C) ”.