PART 16MISCELLANEOUS

Contracts and disposals

I1116Control of disposals and contracts of existing councils and their finances

1

Chapter 2 of Part 2 of the Local Government (Miscellaneous Provisions) Act (Northern Ireland) 2010 (control of disposals and contracts of existing councils) is amended as follows.

2

At the end of the heading to Chapter 2 there shall be added the words “ AND THEIR FINANCES ”.

3

In section 10 (control of disposals and contracts of existing councils)—

a

at the end of the heading there shall be added the words “ and their finances ”;

b

in subsection (1), after the words “consent of” there shall be added the words “ its successor council or ”;

c

at the end of subsection (1) there shall be added the following paragraphs—

d

borrow any sum exceeding a specified sum (or any sums exceeding in total any specified sum);

e

reduce any financial reserve of a specified description below a specified limit.

d

in subsection (3), after the words “consent of” there shall be inserted the words “ a successor council or ”.

4

In section 11 (directions: supplementary), in subsection (4)(b) after the words “council concerned and ” there shall be inserted the words “ its successor council or ”.

5

In section 13 (referral to Department where consent refused or granted subject to conditions)—

a

in subsection (1)—

i

in paragraph (a), after the words “consent of” there shall be inserted the words “ a successor council or ”;

ii

in paragraph (b), after the words “refused by” there shall be inserted the words “ the successor council or ”;

b

in subsection (2), after the words “decision of” there shall be inserted the words “ the successor council or ”;

c

in subsection (3), omit the words “of a statutory transition committee”;

d

in subsection (4)(a), after the words “made by the” there shall be inserted the words “ successor council or ”.