{
  "url": "https://openlegislation.uk/draft-local-authority-capital-finance-and-accounting-scotland-regulations-2016/regulation-9",
  "json_url": "https://openlegislation.uk/draft-local-authority-capital-finance-and-accounting-scotland-regulations-2016/regulation-9.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/9",
  "kind": "regulation",
  "number": "9",
  "heading": "External funds",
  "text": "(1) Borrowing of money by a local authority for the purposes of the following funds is not to be treated as borrowing by the authority for the purposes of these Regulations—\n(a) a superannuation fund which the authority is required to keep by virtue of the Superannuation Act 1972;\n(b) a pension fund which the local authority is required to keep by virtue of the Public Service Pensions Act 2013;\n(c) a trust fund of which the authority is a trustee;\n(d) a common good fund.\n(2) Entry into a credit arrangement by a local authority for the purposes of a fund mentioned in paragraph (1) is not to be treated as being entry into a credit arrangement by the authority for the purposes of these Regulations.\n(3) The temporary use by a local authority of money forming part of a fund mentioned in paragraph (1), otherwise than for the purposes of the fund, is to be treated as borrowing by the authority for the purposes of these Regulations.",
  "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/9",
    "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."
}