In section 115 of the Local Government Finance Act 1988 (c. 41) (which sets out the consequences for a relevant authority of the receipt of a report made by its chief finance officer under section 114(3)), in subsection (6) (which prevents an authority that has received such a report from entering into certain agreements during the prohibition period), at the end there is inserted ." unless the chief finance officer of the authority authorises it to do so "
After that subsection there is inserted—
In subsection (14) of that section (which defines certain terms used in that section), after the definition of "the Assembly", there is inserted—