
1 
These regulations may be cited as the Local Authority (Stocks and Bonds) (Amendment) Regulations 1986 and shall come into operation on 1st April 1986.
2 
The Local Authority (Stocks and Bonds) Regulations 1974 shall be amended in accordance with regulations 3 and 4 below.
3 
In regulation 1(3)—
(a) for the definition of “local authority” there shall be substituted the following definition:“

 “local authority” means a county council, a district council, a London borough council, a parish or community council, the Inner London Education Authority, a joint authority established by Part IV of the Local Government Act 1985, a residuary body established by Part VII of that Act or an authority established by the Waste Regulation and Disposal (Authorities) Order 1985;
”;and
(b) there shall be added at the end,“
and any reference to stocks or bonds issued by a local authority includes a reference to stocks or bonds the liability for which is for the time being vested in a local authority (being stocks or bonds issued by an authority which was abolished by section 1(1) of the Local Government Act 1985).
”.
4 
In Schedule 2 for the words “Greater London Council” there shall be substituted the words “London Residuary Body”.
Kenneth Baker
Secretary of State for the Environment
25th February 1986We consent,
Tristan Garel Jones
A. G. Hamilton
Two of the Lords Commissioners of Her Majesty's Treasury
25th February 1986