Risk removed from joint projects
Risk removed from joint projects
- 1997
- Municipal Journal 28 November 1997, 5(1) .
The Local Government Contracts Act which received Royal Assent on 27 November 1997 and in operation in January 1998 removes the risk, for private companies and their financial backers, of local authorities backing out of joint projects on the grounds that they are ultra vires.
JOINT VENTURES
LOCAL AUTHORITIES
PRIVATE SECTOR
RISK
ULTRA VIRES
The Local Government Contracts Act which received Royal Assent on 27 November 1997 and in operation in January 1998 removes the risk, for private companies and their financial backers, of local authorities backing out of joint projects on the grounds that they are ultra vires.
JOINT VENTURES
LOCAL AUTHORITIES
PRIVATE SECTOR
RISK
ULTRA VIRES