Clause 7 - Credit arrangements
Local Government Bill
10:00 am
Mr Derek Conway (Old Bexley and Sidcup, Conservative)
With this it will be convenient to discuss amendment No. 32, in
clause 7, page 3, line 36, at end add—
'( ) The Secretary of State shall lay regulations before Parliament within 30 days of the coming into force of this section providing for liabilities under Private Finance Initiative contracts to be apportioned so that, where appropriate, a part of those liabilities are to be treated as a credit arrangement.'.