Clause 3 - Duty to determine affordable borrowing limit
Local Government Bill
3:15 pm
Amendment made: No. 12, in
clause 3, page 2, line 7, at end insert—
'(1A) In the case of the following authorities, namely—
(a) the Greater London Authority, and
(b) a functional body,
the Mayor shall determine and keep under review how much money the authority can afford to borrow.
(1B) Before making any determination under subsection (1A), the Mayor shall consult the London Assembly.
(1C) Before making a determination under subsection (1A) for a functional body, the Mayor shall consult that body.'.—[Mr. Raynsford.]