Decision details

North East Combined Authority (NECA) Borrowing Powers

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

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.

Decision:

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.

Report author: Neil Masson

Publication date: 11/06/2024

Date of decision: 11/06/2024

Decided at meeting: 11/06/2024 - Cabinet

Effective from: 17/06/2024

Current call-in Count: 0

Accompanying Documents: