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Territorial local authority
Local Authority Trading Enterprise
Local Authority Trading Enterprises (LATE) are organisations established in New Zealand under the Local Government Act 1974.
The 1989 legislation assigned regional councils planning and funding responsibilities, but not the transport supplier function. It required regional councils or other territorial authorities either to divest their transport assets to the private sector, or to establish a transport-related Local Authority Trading Enterprise.
Examples
- Taieri Gorge Railway - partly owned by the Dunedin City Council
External links
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This article is licensed under the GNU Free Documentation License.
Last updated on Wednesday April 23, 2008 at 19:42:40 PDT (GMT -0700)
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This article is licensed under the GNU Free Documentation License.
Last updated on Wednesday April 23, 2008 at 19:42:40 PDT (GMT -0700)
View this article at Wikipedia.org - Edit this article at Wikipedia.org - Donate to the Wikimedia Foundation
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