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The Local Authorities (Capital Finance) (Amendment) (No. 2) Regulations 1998

S.I. 1998/602 · Made 9 March 1998

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

LOCAL GOVERNMENT, ENGLAND AND WALES

Made 9th March 1998

Laid before Parliament 11th March 1998

Coming into force 1st April 1998

The Secretary of State for the Environment, Transport and the Regions, as respects England, and the Secretary of State for Wales, as respects Wales, in exercise of the powers conferred on them by section 48(5) of the Local Government and Housing Act 1989f1, and of all other powers enabling them in that behalf, hereby make the following Regulations:

Annotations to the whole text

Footnotes

f1

1989 c. 42.

Contents

  1. 1Commencement and citation
  2. 2Amendment of Regulations
  3. Signature
  4. Explanatory note

1Commencement and citation

These Regulations may be cited as the Local Authorities (Capital Finance) (Amendment) (No. 2) Regulations 1998 and shall come into force on 1st April 1998.

2Amendment of Regulations

The Local Authorities (Capital Finance) Regulations 1997f1 shall be amended in regulation 24 (other leases excluded from section 48) by the addition of the following at the end of paragraph (2)—

“; or

(f)

article 5 of the Police Act 1997 (Commencement No. 5 and Transitional Provisions) Order 1998f2”.

Signature

Signed by authority of the Secretary of State for the Environment, Transport and the Regions

Nigel Raynsford

Minister of State,

Department of the Environment, Transport and the Regions

5th March 1998

Signed by authority of the Secretary of State for Wales

Win Griffiths

Parliamentary Under-Secretary of State, Welsh Office

9th March 1998

Explanatory note

(This note is not part of the Regulations)

These Regulations amend regulation 24 of the Local Authorities (Capital Finance) Regulations 1997 which (together with regulations 18, 19, 20 and 23) specifies descriptions of lease which are not to be credit arrangements. The effect of the amendment is that any lease acquired by the Service Authority for the National Crime Squad, which was established by section 47(1) of the Police Act 1997 (c. 50), will not be a credit arrangement if it is transferred under article 5 of the Police Act 1997 (Commencement No. 5 and Transitional Provisions) Order 1998.