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| Duties of Authority or functional body as regards reports. |
116. - (1) Section 115 of the Local Government Finance Act 1988 (authority's duties as regards reports) shall be amended as follows.
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(2) After subsection (1) there shall be inserted-
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"(1A) Where the report under section 114 above is a report by the chief finance officer of the Greater London Authority, section 115A below shall have effect in place of subsections (2) and (3) below."
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(3) After subsection (3) there shall be inserted-
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"(3A) In the case of the London Development Agency or Transport for London, Part VA of the 1972 Act (access to meetings etc) shall have effect in relation to the meeting as if that authority were a principal council."
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(4) After subsection (4) (which prevents delegation under section 101(2) of the Local Government Act 1972) there shall be inserted-
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"(4A) In the case of the London Development Agency or Transport for London, neither-
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(a) paragraph 7 of Schedule 2 to the Regional Development Agencies Act 1998 (delegation by London Development Agency etc), nor |
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(b) paragraph 7 of Schedule 8 to the 1999 Act (delegation by Transport for London), |
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shall apply to the duty under subsection (2) above."
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(5) After subsection (9) (the prohibition period) there shall be inserted-
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"(9A) In the application of this section where the report under section 114 above is a report by the chief finance officer of the Greater London Authority, subsection (9) above shall have effect with the substitution for paragraph (b) of-
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"(b) ending with the first business day to fall after the day (if any) on which the Mayor makes the decisions under section 115A(6) below."" |
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(6) In subsection (10) (immaterial for subsection (9)(b) that subsection (3) is not complied with) after "subsection (3) above" there shall be inserted ", or, where section 115A below applies, subsection (4) or (8) of that section,".
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(7) In subsection (11) (nature of decisions at meeting immaterial for subsection (9)(b)) after "decisions made at the meeting" there shall be inserted ", or, where section 115A below applies, by the Mayor under subsection (6) of that section,".
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(8) After subsection (12) there shall be added-
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"(13) In the application of this section in relation to the Greater London Authority, the references to the authority in subsections (5) to (12) above shall be taken as references to the Greater London Authority whether acting by the Mayor, the Assembly or the Mayor and Assembly acting jointly.
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(14) In this section-
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"the Assembly" means the London Assembly; |
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"the Mayor" means the Mayor of London." |
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(9) After section 115 of the Local Government Finance Act 1988 there shall be inserted-
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| "Duties of Mayor of London and London Assembly as regards reports. |
115A. - (1) This section applies where copies of a report under section 114 above by the chief finance officer of the Greater London Authority have been sent under section 114(4) above.
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(2) The Mayor shall consider the report preparatory to making the decisions under subsection (6) below.
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(3) The Assembly shall consider the report at a meeting where it shall decide-
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(a) whether it agrees or disagrees with the views contained in the report; and |
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(b) what action (if any) it recommends that the Mayor should take in consequence of it. |
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(4) The meeting must be held not later than the end of the period of 21 days beginning with the day on which the copies of the report are sent.
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(5) The Mayor must attend the meeting.
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(6) After the meeting, the Mayor shall decide-
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(a) whether he agrees or disagrees with the views contained in the report; and |
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(b) what action (if any) he proposes to take in consequence of it. |
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(7) In making any decision under subsection (6) above, the Mayor shall take account of any views or recommendations of the Assembly at the meeting.
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(8) The Mayor must make the decisions under subsection (6) above before the end of the period of 14 days beginning with the day on which the meeting of the Assembly concludes.
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(9) Any functions of the Mayor under this section must be exercised by the Mayor personally.
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(10) Section 46 of the 1999 Act (discharge of Assembly functions by committees etc) shall not apply in relation to any function of the Assembly under this section.
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(11) In this section-
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"the Assembly" means the London Assembly; |
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"the Mayor" means the Mayor of London." |
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| Monitoring officer not to be chief finance officer etc. |
117. - (1) Section 5 of the Local Government and Housing Act 1989 (designation and reports of monitoring officer) shall be amended as follows.
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(2) In subsection (8) (interpretation) in the definition of "chief finance officer" after "Local Government Finance Act 1988" there shall be inserted ", section 112(2) of the Greater London Authority Act 1999".
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Accounts and audit |
| Application of the Audit Commission Act 1998. |
118. - (1) In Schedule 2 to the Audit Commission Act 1998 (accounts subject to audit) in paragraph 1 (bodies to whose accounts section 2 applies) after paragraph (b) there shall be inserted-
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"(bb) the Greater London Authority; |
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(bc) a functional body;". |
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(2) Schedule 7 to this Act (which makes further amendments of the Audit Commission Act 1998) shall have effect.
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| Summary statement of accounts of Authority and functional bodies. |
119. - (1) For each financial year the Authority shall prepare a summary statement of accounts.
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(2) The summary statement of accounts shall be in respect of the Authority and the functional bodies.
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(3) Subsection (1) above is without prejudice to any other duty of the Authority, or of a functional body, to prepare accounts or statements of accounts.
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(4) Section 14 of the Audit Commission Act 1998 (inspection of statements of accounts and auditors' reports) shall apply in relation to a summary statement of accounts required to be prepared under this section as it applies in relation to a statement of accounts prepared by the Authority under regulations under section 27 of that Act.
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(5) Sections 15 to 24 of the Audit Commission Act 1998 (public inspection etc and action by the auditor, and prevention of unlawful expenditure) shall not apply in relation to a summary statement of accounts required to be prepared under this section.
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(6) Section 27 of the Audit Commission Act 1998 (accounts and audit regulations) shall apply in relation to a summary statement of accounts required to be prepared under this section as it applies in relation to accounts or statements of accounts.
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