# The Local Authorities (Capital Finance) (Amendment) (No. 2) Regulations 1992, Regulation 2


The Local Authorities (Capital Finance) Regulations 1990 shall be amended in regulation 2 by the addition after paragraph (6) of the following paragraph—
“(7) Where a local authority—
(a) have at any time received a grant or any other financial assistance from a Minister of the Crown or Community institution towards expenditure incurred by the authority for capital purposes, and
(b) subsequently are required to repay the grant or assistance or make a payment in respect of it,
then the expenditure of the authority incurred in making that repayment or payment shall be expenditure for capital purposes.”.

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Source: https://www.legislation.gov.uk/uksi/1992/1618/regulation/2 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-amendment-no-2-regulations-1992/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.