Involvement of ratepayers, etc.

5Prospectus

1

Any initial or final prospectus must include the information specified in Schedule 1 (and may include such other information as the levying authority thinks appropriate).

2

The function of the levying authority of approving a final prospectus before publication is a function that must be discharged only by the whole authority; but that does not apply in the case of the Greater London Authority.

3

After publishing an initial or final prospectus, a levying authority must—

a

place an electronic copy of the published prospectus on its website, and

b

make copies of the published prospectus available for inspection at its principal office at all reasonable times of the day.

4

In a case where two or more levying authorities are acting jointly by virtue of section 2, each authority must separately—

a

discharge the function of approving a final prospectus before publication, and

b

comply with the duty imposed by subsection (3).

5

Regulations may amend Schedule 1 so as to add, vary or omit a description of information.