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CHAPTER V |
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FINANCIAL ADMINISTRATION, ACCOUNTS AND AUDIT |
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Financial administration |
| Proper financial administration and chief finance officer. |
112. - (1) In this section "relevant authority" means-
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(2) Every relevant authority-
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(a) shall make arrangements for the proper administration of its financial affairs; and |
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(b) shall secure that one of its officers (its "chief finance officer") has responsibility for the administration of those affairs. |
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(3) In subsection (2)(b) above, the reference to officers includes a reference to employees or members of staff and, in the case of Transport for London and the London Development Agency, includes a reference to members of the relevant authority.
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| Application of Part VIII of Local Government FinanceAct 1988. |
113. - (1) Section 111 of the Local Government Finance Act 1988 (interpretation of Part VIII (financial administration)) shall be amended as follows.
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(2) In subsection (2) (which specifies the bodies which are relevant authorities for the purposes of Part VIII) after paragraph (b) there shall be inserted-
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"(bb) the Greater London Authority; |
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(bc) a functional body, within the meaning of the 1999 Act;". |
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(3) In subsection (3) (meaning of "1972 Act" etc) at the end there shall be added "and the 1999 Act is the Greater London Authority Act 1999".
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| Qualifications of chief finance officer. |
114. In section 113(1) of the Local Government Finance Act 1988 (requirements to be fulfilled by person having responsibility for administration of financial affairs under certain provisions) after "section 73 of the 1985 Act" there shall be inserted ", section 112 of the 1999 Act".
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| Functions of chief finance officer as regards reports. |
115. - (1) Section 114 of the Local Government Finance Act 1988 (functions of responsible officer as regards reports) shall be amended as follows.
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(2) In subsection (1) (person having responsibility for administration of financial affairs under certain provisions to have functions as regards reports) after "section 73 of the 1985 Act" there shall be inserted ", section 112 of the 1999 Act".
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(3) After subsection (3A) (preparation of report: duty to consult head of paid service and monitoring officer) there shall be inserted-
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"(3B) Subsection (3A) above shall have effect in relation to the London Development Agency with the substitution for paragraphs (a) and (b) of the words "with the person who is for the time being appointed under paragraph 4(2) of Schedule 2 to the Regional Development Agencies Act 1998 as the chief executive of the London Development Agency".
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(3C) Subsection (3A) above shall have effect in relation to Transport for London with the substitution for paragraphs (a) and (b) of the words "with the person who is for the time being designated for the purpose under subsection (3D) below".
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(3D) Transport for London shall designate a member of Transport for London, or a member of the staff of Transport for London, as the person who is to be consulted under subsection (3A) above."
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(4) After subsection (4) (duty to send copy of report to each member of the authority etc) there shall be inserted-
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"(4A) The duty under subsection (4)(b) above-
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(a) in a case where the relevant authority is the Greater London Authority, is to send a copy of the report to the Mayor of London and to each member of the London Assembly; and |
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(b) in a case where the relevant authority is a functional body, within the meaning of the 1999 Act, includes a duty to send a copy of the report to the Mayor of London and to the Chair of the Assembly, within the meaning of that Act." |
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