51 Control of disposals and contracts
Local Government (Wales) Act 1994 (1994 c 19) | Legislation

51  Control of disposals and contracts

(1)     On and after the operative date no old authority may, without the appropriate consent—

(a)     dispose of any land or building if the consideration for the disposal exceeds £100,000;

(b)     enter into any contract, other than a capital contract, in respect of which the consideration exceeds £100,000 where—

(i)     the period of the contract extends beyond 31st March 1996; or

(ii)     under the terms of the contract, that period may be extended beyond that date; or

(c)     enter into any capital contract in respect of which the consideration exceeds £1,000,000.

(2)     In this section—

“appropriate consent” means the written consent of the successor to the old authority or, where there is more than one successor, the written

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