North East Combined Authority (NECA) Borrowing Powers
June 11, 2024 Cabinet (Cabinet collective) Key decision Awaiting outcome View on council websiteThis 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.
Decision
RESOLVED that:
- Cabinet agree in principle that the Council should consent to the making of the Regulations; and
- 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
Details
| Outcome | For Determination |
| Decision date | 11 Jun 2024 |
| Effective from | 17 Jun 2024 |
| Expected date | 11 Jun 2024 |
| Originally due | 11 Jun 2024 |
| Lead officer | Neil Masson, Sarah McMillan |
| Subject to call-in | Yes |