119 Power to redistribute capital receipts of functional bodies
Greater London Authority Act 1999 (1999 c 29) | Legislation

Capital receipts and mutual grants

119  Power to redistribute capital receipts of functional bodies

(1)     The Secretary of State may make regulations for and in connection with conferring on the Mayor power to direct any functional body to pay to the Authority such percentage as may be specified in the direction of so much of . . . the body's capital receipts as may be so specified.

(2)     The power conferred on the Mayor must be exercisable only for the purpose

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