Greater London Authority Bill - continued        House of Lords
PART IV, TRANSPORT - continued
Local implementation plans - continued

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Powers of disposal.     149. In section 9 of the London Regional Transport Act 1984 (powers of disposal) at the end there shall be added-
    "(8) In this section-
    "disposal" means disposal-
      (a) by way of sale, exchange or lease,
      (b) by way of the grant of any option or the creation of any easement, right or privilege, or
      (c) in any other manner, except by way of appropriation or mortgage,
    and "dispose of" shall be construed accordingly;
    "lease" includes an underlease and an agreement for a lease or underlease, but does not include an option to take a lease or a mortgage."
Power to give guarantees.     150. - (1) Section 17 of the London Regional Transport Act 1984 (power of London Regional Transport to give financial assistance to subsidiaries and other bodies or persons) shall be amended as follows.
      (2) After subsection (3) there shall be inserted-
    "(3A) London Regional Transport may enter into arrangements with another person under which that person gives a guarantee which London Regional Transport has power to give under this section.
      (3B) Where London Regional Transport enters into arrangements by virtue of subsection (3A) above, the arrangements may provide for London Regional Transport to indemnify the person who gives the guarantee."
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