118 Appropriate sum under section 137(4) of the Local Government Act 1972
Local Government Act 2003 (2003 c 26) | Legislation

118  Appropriate sum under section 137(4) of the Local Government Act 1972

(1)     In section 137 of the Local Government Act 1972 (c 70) (which enables local authorities to incur expenditure for certain purposes not otherwise authorised), in subsection (4)(a) (which makes provision in connection with the calculation of the maximum amount of such expenditure in any financial year), for “subsection (4AA) below” there is substituted “Schedule 12B to this Act”.

(2)     After Schedule 12A to that Act there is inserted—

“SCHEDULE 12B
Appropriate Sum under Section 137(4)

Section 137(4)(a)

1

This Schedule has effect to determine for the purposes of section 137(4)(a) above the sum that is for the time being appropriate to a local authority.

2

The sum appropriate to the local authority for the financial year in which section 118 of the Local Government Act 2003 comes into force is £5.00.

3

(1)

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