At present the South Yorkshire Mayoral Combined Authority (“SYMCA”) has borrowing powers limited to its transport functions. Under the Local Government Act 2003 these powers can be extended by regulation to include any function of an MCA. In accordance with s23(6) of the Local Government Act 2003. The making of such a regulation requires the consent of the constituent members of the MCA. In the case of SYMCA that includes Sheffield City Council.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 21/01/2022
Scrutiny Committee: Overview and Scrutiny Management Committee;
Decision due: 6 Jan 2022 by Executive Director, Resources
Lead member: Leader of the Council
Lead director: Acting Executive Director, Resources
Department: Resources
Contact: Eugene Walker, Executive Director, Resources Email: eugene.walker@sheffield.gov.uk Tel: 27 35167.