[12A Risk-mitigation directions]
Local Government Act 2003 (2003 c 26) | Legislation

[Risk management: England]

[12A  Risk-mitigation directions]

[(1)     The Secretary of State may give one or more risk-mitigation directions to a local authority in England, for the purpose of reducing or mitigating the financial risk to the authority, if—

(a)     a trigger event has occurred in relation to the local authority, and

(b)     the Secretary of State is satisfied that the direction is, or (as the case may be) directions are, appropriate and proportionate to the level of that financial risk.

(2)     A “trigger event” occurs if (and when)—

(a)     a risk threshold is breached by the local authority (see section 12B);

(b)     a report is made by the chief finance officer of the local authority under section 114(3) of the Local Government Finance Act 1988 (report

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