# The Local Authorities (Borrowing) Regulations 1990, Paragraph 2


If the form of application states that it is not practicable to calculate annual percentage rates of interest, no other numerical rate of interest shall be stated.

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Source: https://www.legislation.gov.uk/uksi/1990/767/schedule/paragraph/2 (the official version)
Page: https://openlegislation.uk/local-authorities-borrowing-regulations-1990/schedule/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.