# The Local Authority (Capital Finance and Accounting) (Scotland) Regulations 2016, Regulation 12: Duty to maintain a loans fund


(1) A local authority must maintain a loans fund.
(2) A loans fund must be administered in accordance with these Regulations, proper accounting practices and prudent financial management.

---
Source: https://www.legislation.gov.uk/sdsi/2016/9780111031063/regulation/12 (the official version)
Page: https://openlegislation.uk/draft-local-authority-capital-finance-and-accounting-scotland-regulations-2016/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.