# The Lee Valley Regional Park Authority (Capital Finance) Regulations 1991, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations prescribe the Lee Valley Regional Park Authority as a body to which the capital finance system for local authorities under Part IV of the Local Government and Housing Act 1989 is to apply from 1st April 1991, subject to the modifications specified. The modifications–
(a) substitute appropriate references to 1991, in place of 1990;
(b) disapply the provision in section 52 of the 1989 Act regarding transitional credit arrangements;
(c) provide that capital money from certain disposals of land received before 1st April 1991 which is unapplied shall be included in the usable part of an authority’s capital receipts;
(d) disapply provisions regarding non-monetary consideration received before the capital finance system applies
The Regulations also provie for the Local Authorities (Capital Finance) (Approved Investments) Regulations 1990, the Local Authorities (Capital Finance) Regulations 1990 and the Local Authorities (Borrowing) Regulations 1990 to have effect in their application to the Authority with the amendments specified in Part II of the Schedule to these Regulations.

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Source: https://www.legislation.gov.uk/uksi/1991/548/note (the official version)
Page: https://openlegislation.uk/lee-valley-regional-park-authority-capital-finance-regulations-1991/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.