# The Local Authorities (Borrowing) (Amendment) Regulations 1990, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations make two amendments to the Local Authorities (Borrowing) Regulations 1990. They amend regulation 7(5), which imposes a limit on the issue of bills by local authorities by reference to a formula. A reference is inserted in “C”, one of the factors in the formula, to paragraph 2(1) of Schedule 7 to the Local Government Finance Act 1988 which was inadvertently omitted from the earlier Regulations. The second amendment corrects a typographic error.

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Source: https://www.legislation.gov.uk/uksi/1990/1091/note (the official version)
Page: https://openlegislation.uk/local-authorities-borrowing-amendment-regulations-1990/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.