Local Government Act 2003

InvestmentE+W

12Power to investE+W

A local authority may invest—

(a)for any purpose relevant to its functions under any enactment, or

(b)for the purposes of the prudent management of its financial affairs.

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Commencement Information

I1S. 12 in force at 27.11.2003 for W. for the purpose of and in relation to financial years beginning on or after 1.4.2004 by S.I. 2003/3034, art. 2, Sch. 1 Pt. I (with Sch. 2 para. 3)

I2S. 12 in force at 1.4.2004 for E. by S.I. 2003/2938, art. 7(a) (with art. 8, Sch.)