Local Authorities (Land) Act 1963
| Jurisdiction | UK Non-devolved |
| Citation | 1963 c. 29 |
| Year | 1963 |
(1) Subject to the provisions of this Act, a local authority may, for the benefit or improvement of their area, erect any building and construct or carry out works on land.(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) A local authority may repair, maintain and insure any building or works erected, constructed or carried out under the power conferred by subsection (1) of this section and generally may deal with any such building or works in a proper course of management.to acquire land; orto erect any building or carry out any work on land.(2) An advance made under this section, together with interest thereon, shall be secured by a mortgage of the land in respect of which the advance is made.(3) The amount of the principal of an advance made under subsection (1) (a) of this section shall not exceed nine-tenths of the value of the land(3A) The amount of the principal of an advance made under subsection (1) (b) of this section shall not exceed nine-tenths of the value which it is estimated the mortgaged security will bear upon the completion of the building or other works in respect of which the advance is made.(4) An advance made under this section shall carry interest at a rate not less than one quarter per cent. greater than that fixed by the Treasury . . . for repayment’s being made, subject to the provisions of paragraphs (c) and (d) of this subsection, within such period, not exceeding thirty years, as may be specified in the deed;for repayment’s being made, subject to the two next following paragraphs, either by instalments of principal or by an annuity of principal and interest combined;that, in the event of any of the conditions subject to which the advance is made not being complied with, the balance for the time being unpaid shall become repayable on demand by the authority;that the said balance, or such part thereof as may be provided for in the mortgage, may, in any event other than that specified in the last foregoing paragraph, be repaid on any such conditions as may be specified in the mortgage after one month’s written notice of intention to repay has been given to the authority;where repayment is to be made by an annuity of principal and interest combined, for determining the amount by which the annuity or the life of the annuity is to be reduced when a part of the advance is paid off otherwise than by way of an instalment of the annuity.authorising the builder to enter on land belonging to the local authority for the purpose of his erecting a building thereon;for the sale of the land to the builder, if the building is erected to the satisfaction of the local authority, or, as the agreement may provide, for the grant of a lease to him if the building is so erected;for the local authority to advance money to the builder for the purpose of enabling him to erect the building;for securing that, on such a sale or, as the case may be, grant of a lease, any amount advanced as mentioned in the last foregoing paragraph will, together with the interest thereon, be secured by a mortgage of the land;(2) The amount of the principal of an advance made under this section shall not exceed three quarters of the amount which it is estimated will be the value of the security for the mortgage for which the agreement provides.(3) Subsections (4) and (5) of section 3 of this Act shall apply to an advance made under this section as they apply to an advance made under that section.(1) A local authority may within their area provide off the street accommodation for the keeping of motor vehicles, and may for that purpose erect garages, construct hard standings or convert buildings into garages.(2) Any garage or hard standing by means of which accommodation is provided under this section for motor vehicles may be either one having accommodation for a single vehicle only or one having accommodation for several vehicles, and the local authority may let any such garage or hard standing having accommodation for a single vehicle only or any space in any such garage or hard standing having accommodation for several vehicles, for such period and consideration and subject to such terms and conditions as they think fit, to any person for the purpose of the accommodation of a motor vehicle.(3) The local authority may manage, repair, maintain and insure any such garage or hard standing as aforesaid.
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