User:Jayvdb/LATE
From Wikipedia, the free encyclopedia
local authority trading enterprises
http://www.fta.dot.gov/transit_data_info/reports_publications/publications/fact_finding_mission_nz/1590_2373_ENG_HTML.htm http://www.legislation.govt.nz/libraries/contents/om_isapi.dll?clientID=128108&infobase=pal_statutes.nfo&jump=a1974-066%2fs.594b&softpage=DOC#JUMPDEST_a1974-066/s.594b
A Local Authority Trading Enterprise (LATE) are organisations establisted 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
