Local Government and Elections (Wales) Act 2021 (asc1)

SCHEDULE 12 E+W Restraints on transactions and recruitment etc. by merging councils and restructuring councils

Financial limits: further provision E+W

8 (1) Where the consideration, or any of the consideration, in respect of a transaction is not in money, the limits set out in paragraph 6 apply to the value of the consideration. E+W

(2) Where, in determining whether a limit set out in paragraph 6 is exceeded, a question arises as to the value of the consideration in relation to a transaction and the persons concerned fail to reach agreement, for the purposes of the determination the question is to be decided by the Welsh Ministers.

Commencement Information

I1 Sch. 12 para. 8 in force at 21.1.2021, see s. 175(1)(f)(2)