Local Government Act 2003

E423592

The Local Government Act 2003 is a UK statute that modernised local authority finance and governance, including new borrowing powers, investment rules, and prudential financial management frameworks for councils.

All labels observed (2)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf Act of Parliament of the United Kingdom
United Kingdom statute
administeredBy Department for Levelling Up, Housing and Communities
amends Local Government Act 1992
Local Government Finance Act 1988
appliesToJurisdiction England
Wales
citation 2003 c. 26
contains Part 1 – Local government finance
Part 2 – Business improvement districts
Part 3 – Council tax
Part 4 – Miscellaneous
Part 5 – Valuation tribunals
Part 6 – Supplementary
country United Kingdom
creates business improvement districts framework in England
business improvement districts framework in Wales
establishes prudential borrowing system for local authorities
givesPowerTo local authorities in England
local authorities in Wales
implementedBy Local Authorities (Capital Finance and Accounting) (England) Regulations 2003
Prudential Code for Capital Finance in Local Authorities
introducedBy Office of the Deputy Prime Minister
legislature Parliament of the United Kingdom
linked to: British Parliament
longTitle An Act to make provision about the finances of local authorities and other public bodies; to make provision about business improvement districts; to make provision about council tax; and for connected purposes
objective to modernise local authority finance
to promote prudential financial management in councils
parliamentarySession 2002–2003
partNumber Part 1
Part 2
Part 3
Part 4
Part 5
Part 6
primarySubject local government finance
local government governance
reforms local authority borrowing powers
local authority investment rules
prudential financial management framework
replaces local authority credit approvals system
royalAssentDate 2003-09-18
shortTitle Local Government Act 2003
status in force
subjectMatter borrowing by local authorities
capital finance of local authorities
council tax administration
investments by local authorities
non-domestic rating supplements
revenue finance of local authorities
yearEnacted 2003

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Local Government Finance Act 1992 amendedBy Local Government Act 2003
Local Government Act 2003 shortTitle Local Government Act 2003
Local Government Act 2003 implementedBy Local Authorities (Capital Finance and Accounting) (England) Regulations 2003
linked to: Local Government Act 2003