Transport for London Bill — Reintroduction — Curtailment of Debate — 16 Nov 2015 at 22:10
The majority of MPs voted to curtail the debate on reintroducing the Transport for London Bill[1] a Bill, intended to allow the organisation to utilise its assets in ways that are consistent with the wider long-term public good.
The question rejected in this vote was:
- That the Question be now put.
According to Parliament's webpage on The Bill[1] it:
- enables TfL subsidiaries to mortgage or charge any of its property as security for money which it has borrowed or otherwise owes
- changes the rules relating to TfL’s ability to carry out activities through a company limited by shares, or enter into limited partnerships (whether to promote or assist)
- extends the powers of TfL’s subsidiaries in respect of risk mitigation investments.
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