# The Local Authorities (Borrowing) Regulations 1990, Paragraph 4


For the purposes of this Schedule, the annual percentage rates of interest are—
(a) the net annual percentage rate; and
(b) the gross equivalent annual percentage rate.

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Source: https://www.legislation.gov.uk/uksi/1990/767/schedule/paragraph/4 (the official version)
Page: https://openlegislation.uk/local-authorities-borrowing-regulations-1990/schedule/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.