The Combined Authorities (Finance) (Amendment) Regulations 2024
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Change 1
4 Transitional provision relating to disapplication of power to issue precepts for the financial year 2024/2025 and subsequent years in certain cases for a mayoral CCA
(1) The costs of a mayor for the area of a CCA that are incurred in, or in connection with, the exercise of mayoral functions in the financial year commencing on 1st April 2024 are not to be met from precepts issued by the authority under section 40 of the Local Government Finance Act 1992 (issue of precepts by major precepting authorities). (2) The costs of a mayor for the area of a CCA that are incurred in, or in connection with, the exercise of mayoral functions in a financial year commencing on or after 1st April 2025 (“the relevant year”) are not to be met from precepts issued by the authority under section 40 of the Local Government Finance Act 1992 if the first election of a mayor for the area of the CCA occurs during the relevant year. (3) The costs of a mayor for the area of a CCA that are incurred in, or in connection with, the exercise of mayoral functions in the financial year that immediately follows the relevant year are not to be met from precepts issued by the authority under section 40 of the Local Government Finance Act 1992 if the first election of a mayor for the area of the CCA occurs after 23rd January in the relevant year.
4 Transitional provision relating to disapplication of power to issue precepts for the financial year 2024/2025 and subsequent years in certain cases for a mayoral CCA
(1) The costs of a mayor for the area of a CCA that are incurred in, or in connection with, the exercise of mayoral functions in the financial year commencing on 1st April 2024 are not to be met from precepts issued by the authority under section 40 of the Local Government Finance Act 1992 (issue of precepts by major precepting authorities). (2) The costs of a mayor for the area of a CCA that are incurred in, or in connection with, the exercise of mayoral functions in a financial year commencing on or after 1st April 2025 (“the relevant year”) are not to be met from precepts issued by the authority under section 40 of the Local Government Finance Act 1992 if the first election of a mayor for the area of the CCA occurs during the relevant year. (3) The costs of a mayor for the area of a CCA that are incurred in, or in connection with, the exercise of mayoral functions in the financial year that immediately follows the relevant year are not to be met from precepts issued by the authority under section 40 of the Local Government Finance Act 1992 if the first election of a mayor for the area of the CCA occurs after 23rd January in the relevant year.
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