The Local Government Reorganisation (Wales) (Capital Finance) Order 1996

Credit approvals: designated authorities

6.—(1) For the purpose of carrying out its functions under paragraph 12 of Schedule 17 to the 1994 Act in relation to an old authority, the Secretary of State may, on or before 30th September 1996, issue to the designated authority in the form of a notice in writing a supplementary credit approval in respect of that old authority for the financial year commencing on 1st April 1995.

(2) A supplementary credit approval issued under paragraph (1) above may be used by the designated authority to defray an amount of the old authority’s expenditure which is not charged to a revenue account of that old authority.

(3) The provisions of sections 54(2) to (5), 55, 56(1) and (3) to (5), and 57 of the 1989 Act shall, insofar as they are consistent with paragraphs (1) and (2) above, apply to a supplementary credit approval issued under paragraph (1) above as if it were a supplementary credit approval issued under section 54 of the 1989 Act.

(4) For all purposes other than those related to the carrying out by a designated authority of its functions under paragraph 12 of Schedule 17 to the 1994 Act, a supplementary credit approval issued under paragraph (1) above shall be deemed to be issued to the old authority in respect of which it is issued, and not to its designated authority.