The Combined Authorities (Borrowing) Regulations 2022
Section 1 of the Local Government Act 2003, read with section 23(5) of that Act, gives mayoral combined authorities the power to borrow money for a purpose relevant to its transport functions. Regulation 2 of these Regulations provides certain such authorities with the power to borrow money for any of their other functions not just transport.
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Lifecycle
Department
Made
22 Mar 2022
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In force
23 Mar 2022
Enabling power
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.
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