2018 No. 565
Local Government, England

The Combined Authorities (Borrowing) Regulations 2018

Made
Coming into force in accordance with regulation 1
The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 23(5) and 123(1) of the Local Government Act 20031 (“the 2003 Act”).
In accordance with section 23(6) of the 2003 Act the councils whose local government areas are comprised in the areas of the Cambridgeshire and Peterborough, Greater Manchester, Liverpool City Region, Tees Valley, West Midlands and West of England Combined Authorities and the Cambridgeshire and Peterborough, Greater Manchester, Liverpool City Region, Tees Valley, West Midlands and West of England Combined Authorities have consented to the specification of the functions in regulation 2 for the purposes of Part 1 of the 2003 Act2.

A draft of this instrument has been laid before, and approved by a resolution of, each House of Parliament pursuant to section 23(10) of the 2003 Act.

Citation, commencement and application1.

(1)

These Regulations may be cited as the Combined Authorities (Borrowing) Regulations 2018.

(2)

These Regulations come into force on the day after the day on which they are made.

(3)

These Regulations apply in relation to the following authorities—

(a)

the Cambridgeshire and Peterborough Combined Authority;

(b)

the Greater Manchester Combined Authority;

(c)

the Liverpool City Region Combined Authority;

(d)

the Tees Valley Combined Authority;

(e)

the West Midlands Combined Authority;

(f)

the West of England Combined Authority3.

Borrowing2.

All functions of a combined authority other than its transport functions4 are specified for the purposes of section 23(5) of the Local Government Act 2003 (power to borrow money for a purpose relevant to a function specified in regulations).

Signed by authority of the Secretary of State for Housing, Communities and Local Government

Rishi Sunak
Parliamentary Under Secretary of State
Ministry of Housing, Communities and Local Government
EXPLANATORY NOTE
(This note is not part of the Regulations)

These Regulations provide for mayoral combined authorities to borrow money for a purpose relevant to all of their functions.

Regulation 2 specifies the functions of the combined authorities (other than transport functions) to which the power under section 1 of the Local Government Act 2003 (power to borrow) is to apply.

A full regulatory impact assessment has not been prepared as this instrument will have no impact on the costs of business and the voluntary sector.