{
  "url": "https://openlegislation.uk/draft-local-authority-capital-finance-and-accounting-scotland-regulations-2016/regulation-5",
  "json_url": "https://openlegislation.uk/draft-local-authority-capital-finance-and-accounting-scotland-regulations-2016/regulation-5.json",
  "legislation": "sdsi/2016/9780111031063",
  "legislation_title": "The Local Authority (Capital Finance and Accounting) (Scotland) Regulations 2016",
  "legislation_url": "https://openlegislation.uk/draft-local-authority-capital-finance-and-accounting-scotland-regulations-2016",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Borrowing by way of a credit arrangement",
  "text": "(1) A local authority may incur debt through borrowing by way of a credit arrangement for financing capital expenditure of the authority.\n(2) The amount of external debt to be recognised by a local authority in respect of a credit arrangement is the liability that requires to be recognised as arising from the credit arrangement in accordance with proper accounting practices.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/sdsi/2016/9780111031063/regulation/5",
    "retrieved_at": "2026-10-30T15:34:24.480548+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}