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1.—(1) Every statutory provision conferring or imposing a function on a district council confers power on the district council to enter into a contract with another person for the provision or making available of assets or services, or both, for the purposes of, or in connection with, the discharge of the function by the district council.
(2) Where—
(a)a district council enters into a contract such as is mentioned in subsection (1) (“the provision contract”) under any statutory provision, and
(b)in connection with the provision contract, a person (“the financier”) makes a loan to, or provides any other form of finance for, a party to the provision contract other than the district council,
the statutory provision also confers power on the district council to enter into a contract with the financier, or any insurer of or trustee for the financier, in connection with the provision contract.
(3) A provision of this Part does not apply to a contract which a district council enters into before the commencement of that provision.
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