Local Authority Stock

Local Authority Stock

A chiefly British term for a municipal bond.
References in periodicals archive ?
A Stirling Council spokesperson said: "The council's housing service are currently engaged with the private gas network owner and are hoping to reach an agreement shortly to have the new gas main extended to feed all of the local authority stock in Deanston.
What regular auction buyers can expect to see being offered is surplus local authority stock, much of it needing significant improvement, that is realistically priced and in demand.
The proposal is to advertise properties from local authority stock, housing associations, private rented homes and low-cost home ownership options throughout Northumberland.
In the housing sector this is going to come to a head shortly because of all the local authority stock transfers.
More than a quarter of the local authority stock - about 25,000 properties - is in such a poor state of repair that the council says demolition is the only answer.
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