# The Local Authority (Capital Finance and Accounting) (Scotland) Regulations 2016, Regulation 11: Borrowing to lend and advance money


A local authority may borrow to advance money to any of its common good funds, but only in respect of expenditure by such a fund which would be capital expenditure of the local authority if incurred directly by the authority.

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Source: https://www.legislation.gov.uk/sdsi/2016/9780111031063/regulation/11 (the official version)
Page: https://openlegislation.uk/draft-local-authority-capital-finance-and-accounting-scotland-regulations-2016/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.