HC Deb 26 July 1972 vol 841 cc302-3W
65. Mr. Charles R. Morris

asked the Secretary of State for the Environment what precautions have been taken to prevent those local authorities whom it is envisaged will cease to function under the proposed local government reorganisation from dissipating their financial resources prior to reorganisation.

Mr. Graham Page

The existing law is a deterrent to dissipation in its requirements that local authorities must levy sufficient rates and precepts to meet expected lawful expenditure and must have statutory authority for all expenditure or for the disposal of any assets.