13 JUNE NEW ZEALAND GAZETTE 2373

205 LOCAL AUTHORITIES PETROLEUM TAX

For the purposes of Part XI of the Local Government Act 1974, the local authorities constituted by this order shall be successors to the former authorities.

206 SPECIAL FUNDS

(1) The special funds of the former authorities shall:

(a) Be expended only for the purposes for which they were set aside; and

(b) Except for any plant renewal fund, be expended for the benefit of the area in which they originated and, after provision has been made for all liabilities, any money required to be paid into any such fund, to meet any deficit, shall be found from within that area.

(2) After the 1st day of November 1996, the local authorities constituted by this order:

(a) Shall review any special fund provided for in subclause (1) of this clause; and

(b) May resolve that from a date to be determined by the council, such special fund may be applied for such other purpose or purposes as the council considers appropriate.

(3) Notwithstanding subclause (2) of this clause, the local authorities constituted by this order may at any time before the 1st day of November 1996, with the approval of the Local Government Commission, resolve to vary the use of any special funds.

(4) All funds held by the administering authorities of reserves under the Reserves Act 1977 shall be deemed to be special funds for the purpose of this clause.

207 LOANS

Any rate made and levied to meet the annual charges in respect of any loan secured over the district of any of the former authorities shall continue to be made and levied on the same basis as applied before the 1st day of November 1989:

Provided that the local authorities constituted by this order may at any time before the 1st day of November 1996 review the basis upon which any such rate is made and levied and may, with the approval of the Local Government Commission, resolve to vary such basis.

208 ASSETS AND LIABILITIES

The provisions of section 60 of the Local Government Amendment Act (No. 2) 1989 shall apply in relation to the apportionment of the assets and liabilities of the former authorities, as defined in Parts II to IX of this order, as if this order did not make provision for the apportionment of those assets and liabilities.

209 LOAN LIABILITIES

Subject to section 37F(2) of the Local Government Act 1974, all loan liabilities existing immediately before the 1st day of November 1989 shall continue to be secured against the area over which they were secured at that date.

210 RESIDUAL AUTHORITIES

In the case of a former authority named in the Fourth Schedule to this order, the local authority that shall be responsible for:

(a) The preparation of the annual financial statement for that former authority for the financial year commencing on the 1st day of April 1989 and for any earlier financial years for which an annual financial statement has not been prepared; and

(b) The documents (as defined in section 248 of the Local Government Act 1974) and local archives (as so defined) of that former authority, other than those relating to a specified area or function,

shall be that local authority designated in that schedule as a residual authority.

211 CONDUCT OF AFFAIRS

The provisions of section 223C of the Local Government Act 1974 relating to the conduct of affairs of local authorities and community boards applies to the local authorities and community boards constituted by this order.

SCHEDULES

First Schedule

PART I

Local Authorities Dissolved and Districts Abolished

PART II

Local Authorities Dissolved

• Waimarino District Noxious Plants Authority
• Wanganui District Noxious Plants Authority
• Kiwitea-Pohangina District Noxious Plants Authority
• Oroua District Noxious Plants Authority
• Palmerston North District Noxious Plants Authority
• Horowhenua District Noxious Plants Authority
• Manawatu District Noxious Plants Authority
• Dannevirke-Woodville District Noxious Plants Authority
• Pahiatua District Noxious Plants Authority
• Taumarunui District Noxious Plants Authority
• Rangitikei District Noxious Plants Authority
• Ngaturi Recreation Reserve Board
• Mangatainoka Recreation Reserve Board
• Tutaekara Recreation Reserve Board
• Kaitawa Recreation Reserve Board
• Makuri Recreation Reserve Board