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Trustee Investments Act 1961

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9U.K.In loans to any authority to which this paragraph applies charged on all or any of the revenues of the authority or on a fund into which all or any of those revenues are payable, in any fixed-interest securities issued in the United Kingdom by any such authority for the purpose of borrowing money so charged, and in deposits with any such authority by way of temporary loan made on the giving of a receipt for the loan by the treasurer or other similar officer of the authority and on the giving of an undertaking by the authority that, if requested to charge the loan as aforesaid, it will either comply with the request or repay the loan.

This paragraph applies to the following authorities, that is to say—

(a)any local authority in the United Kingdom;

[F1(aa)the Greater London Authority;

(ab)any functional body, within the meaning of the Greater London Authority Act 1999;]

(b)any authority all the members of which are appointed or elected by one or more local authorities in the United Kingdom;

(c)any authority the majority of the members of which are appointed or elected by one or more local authorities in the United Kingdom, being an authority which by virtue of any enactment has power to issue a precept to a local authority in England and Wales, or a requisition to a local authority in Scotland, or to the expenses of which, by virtue of any enactment, a local authority in the United Kingdom is or can be required to contribute;

[F2(d)a police and crime commissioner;]

F3(da). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(e)the Belfast City and District Water Commissioners;

[F4(f)the Great Ouse Water Authority.]

[F5(g)any district council in Northern Ireland.]

[F6(h)F7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(i) any residuary body established by section 57 of the M1 Local Government Act 1985. ]

[F8(j)a fire and rescue authority created by an order under section 4A of the Fire and Rescue Services Act 2004.]

Textual Amendments

F1Sch. 1 Pt. 2 para. 9(aa)(ab) inserted (8.5.2000 for the purposes of its application to the Authority and 3.7.2000 so far as it is not already in force) by 1999 c. 29, s. 387(3)(a) (with Sch. 12 para. 9(1)); S.I. 1999/3434, arts. 3,4

F4Sch. 1 Pt. 2 para. 9(f) added by S.I. 1962/658

F5Sch. 1 Pt. 2 para. 9(g) added by virtue of S.I. 1973/1332, art. 3

F6Sch. 1 Pt. 2 para. 9(h)(i) added by virtue of S.I. 1986/601, art. 2

Modifications etc. (not altering text)

Marginal Citations

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