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
”
.