{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1993/regulation-3",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1993/regulation-3.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": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Leases and contracts which are not credit arrangements",
  "text": "In regulation 6–\n(a) in paragraph (1)–\n(i) the following shall be substituted for sub–paragraph (d)–\n“(d) it is a lease of land assigned to the local authority by a new town corporation;”; and\n(ii) the following sub–paragraph shall be added after sub–paragraph (e)–\n“or\n(f) the local authority become the lessees by virtue of an order under Part IV of the Local Government Act 1972, regulations under section 67 of that Act or an agreement or award under section 68 of that Act.”;\n(b) in paragraph (4), the following paragraph shall be substituted for paragraph (a)–\n“(a) it is a contract between a local authority and a new town corporation which is entered into by the corporation by virtue of section 36 of the New Towns Act 1981 or in accordance with regulations made under section 172(1);”;\n(c) in paragraph (7), the following shall be substituted for sub–paragraph (b)–\n“(b) at the time they become the lessees or enter into the contract, the local authority estimate that the value of all the consideration which has been or falls to be given by them in respect of–\n(i) the lease or contract; or\n(ii) that lease or contract and any other lease or contract which they have entered into with the same person, or any associate of his, in the same financial year,\ndoes not exceed £10,000.”; and\n(d) in paragraph (8)–\n(i) in sub–paragraph (a), the word “has” shall be substituted for the words\n“and “housing stock” have”; and\n(ii) after sub–paragraph (b), the following shall be added–\n“(c) two persons are associates of each other if–\n(i) one of them is a subsidiary (within the meaning of the Companies Act 1985) of the other; or\n(ii) they are both subsidiaries (within that meaning) of some other person.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1972 c. 70."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1981 c. 64."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "1985 c. 6."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1993/3054/regulation/3",
    "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."
}