To seek consent to the making of regulations
by Central Government to provide the York and North Yorkshire
Mayoral Combined Authority with additional borrowing powers in line
with the request contained in Devolution Deal and Scheme which were
subject to public consultation.
Decision type: Non-key
Decision status: For Determination
Notice of proposed decision first published: 30/09/2024
Decision due: 15 Oct 2024 by Executive
Lead member: Leader
Lead director: Assistant Chief Executive - Legal and Democratic Services
Contact: Barry Khan, Assistant Chief Executive (Legal & Democratic Services) Email: barry.khan@northyorks.gov.uk Email: Barry.Khan@northyorks.gov.uk.
Consultation process
Government will consult with North Yorkshire
Council and the City of York Council to seek their consent. The
actual decision to pass the necessary Statutory Instrument to grant
the Mayoral Combined Authority with additional borrowing powers
will be a matter for Government.
Consultees
As part of the original process in publishing
a Scheme for the Devolution Deal, it was specifically mentioned
that the Combined Authority would seek additional borrowing powers
(outside of transport and Police, Fire and Crime
Commissioner’s functions). This underwent public consultation
and the Devolution Deal was subsequently approved. This decision
seeks to give Government consent for it to pass the relevant
Regulations to allow the Mayoral Combined Authority to borrow for
all of its functions.