North East Combined Authority (NECA) Borrowing Powers

June 11, 2024 Cabinet (Cabinet collective) Key decision Awaiting outcome View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...to agree in principle to consent to central government regulations granting the North East Combined Authority (NECA) statutory borrowing powers for its non-transport functions and to authorize the Chief Executive, in consultation with the Leader of the Council, to issue the Council's formal consent when requested.

Full council record
Purpose

To consent to the making of regulations by
central government to give NECA statutory borrowing powers in
respect of its non-transport related functions.

Content

RESOLVED
that:
 
1.   
Cabinet agree in
principle that the Council should consent to the making of the
Regulations; and
 
2.   
Cabinet authorise the
Chief Executive, in consultation with the Leader of the Council, to
issue the Council’s formal consent to the Secretary of State
when requested.

Supporting Documents

North East Combined Authority NECA Borrowing Powers.pdf

Details

OutcomeFor Determination
Decision date11 Jun 2024
Subject to call-inYes