{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1993/note",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1993/note.json",
  "legislation": "uksi/1993/3054",
  "legislation_title": "The Local Authorities (Capital Finance) (Amendment) (No. 3) Regulations 1993",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1993",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations further amend the Local Authorities (Capital Finance) Regulations 1990.\nRegulation 3 amends regulation 6 of those Regulations to exclude further categories of leases and contracts from being credit arrangements.\nThe amendment made by regulation 4 provides that certain sums received in respect of a disposal of a local authority on rent to mortgage terms shall be capital receipts and the amendment made by regulation 8(b) specifies the reserved part applicable to such receipts.\nRegulations 5 and 6 make provision for further reductions which an authority may make in their capital receipts before setting aside the reserved part as provision for credit liabilities and regulation 7 makes consequential amendments to regulation 20 of the 1990 Regulations.\nRegulation 8(a) amends paragraph 1 of Part I of Schedule 1 to the 1990 Regulations in respect of the reserved part of capital receipts derived from the disposal of certain public airport company shares after 15th February 1989.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1993/3054/note",
    "retrieved_at": "2026-10-29T13:45:25.626487+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}