{
  "url": "https://openlegislation.uk/education-grants-for-education-support-and-training-england-amendment-regulations-1996/regulation-4",
  "json_url": "https://openlegislation.uk/education-grants-for-education-support-and-training-england-amendment-regulations-1996/regulation-4.json",
  "legislation": "uksi/1996/3066",
  "legislation_title": "The Education (Grants for Education Support and Training) (England) (Amendment) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/education-grants-for-education-support-and-training-england-amendment-regulations-1996",
  "path": "regulation/4",
  "kind": "regulation",
  "number": "4",
  "heading": null,
  "text": "After regulation 2 there shall be inserted the following regulation—\n“2A (1) The conditions referred to in the definition of “prescribed expenditure” in regulation 2 above are that—\n(a) on 1st April 1996 the education authority had a credit ceiling, as determined under Part III of Schedule 3 to the 1989 Act which was nil or a negative amount; and\n(b) on 1st January 1997 the education authority have no money outstanding by way of borrowing other than—\n(i) short-term borrowing (within the meaning of section 45(6) of the 1989 Act); or\n(ii) borrowing undertaken before 24th August 1995, other than borrowing by the issue of stock on or after 15th December 1993, from a person who is not a relevant lender.\n(2) In this regulation\n(2) In this regulation\n(a) “the 1989 Act” means the Local Government and Housing Act 1989; and\n(b) “relevant lender” has the same meaning as in the Local Authorities (Capital Finance) (Approved Investments) Regulations 1990.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1989 c. 42."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 1990/426; the definition of “relevant lender” was inserted by regulation 12 of S.I. 1985/1982."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/3066/regulation/4",
    "retrieved_at": "2026-10-29T12:30:31.410135+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."
}