{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998.json",
  "id": "uksi/1998/1937",
  "title": "The Local Authorities (Capital Finance) (Amendment No. 3) Regulations 1998",
  "short_title": "Local Authorities (Capital Finance) 1998",
  "long_title": "Section 59 of the Local Government and Housing Act 1989 requires a local authority to set aside part of a capital receipt (“the reserved part”) as provision to meet credit liabilities. Regulations 5 to 10 amend the Local Authorities (Capital Finance) Regulations 1997 (the “1997 Regulations”) to provide that the reserved part in the case of capital receipts which are not derived from a disposal of housing shall, subject to specified exceptions, be nil per cent. (the “nil per cent. rule”). For this purpose, housing means any land, house or other building in respect of which sums fall to be credited or debited in accordance with section 74 (duty to keep Housing Revenue Account).",
  "citation": "S.I. 1998/1937",
  "type": "uksi",
  "year": "1998",
  "number": "1937",
  "version": "current",
  "date": "1998-08-06",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 1,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Amendment of Regulations",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Expenditure to be expenditure for capital purposes",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Sums to be capital receipts",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Reserved part of capital receipts—interpretation",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-5",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Reserved part of non-housing capital receipts",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-6",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/7",
      "kind": "regulation",
      "number": "7",
      "heading": "Capital receipts of debt-free authorities",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-7",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Disposal of share and loan capital",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-8",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "Disposal of investments",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-9",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/10",
      "kind": "regulation",
      "number": "10",
      "heading": "Reserved part of voluntary payments received by designated authorities",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-10",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/11",
      "kind": "regulation",
      "number": "11",
      "heading": "Commutation adjustments to minimum revenue provision",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-11",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/12",
      "kind": "regulation",
      "number": "12",
      "heading": "Revocations",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-12",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affected_provisions": "reg. 12(2)",
      "affecting": "uksi/2004/2044",
      "affecting_title": "The Local Authorities (Capital Finance) (Further Consequential and Saving Provisions) Order 2004",
      "affecting_provisions": "art. 4(1)(b)"
    }
  ],
  "made_under": [
    {
      "id": "ukpga/1989/42",
      "title": "Local Government and Housing Act 1989",
      "url": "https://openlegislation.uk/local-government-and-housing-act-1989",
      "provisions": [
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        "section/58",
        "section/59",
        "schedule/3/paragraph/15"
      ]
    },
    {
      "id": "ukpga/1992/19",
      "title": "Local Government Act 1992",
      "url": "https://openlegislation.uk/local-government-act-1992",
      "provisions": [
        "section/19",
        "section/26"
      ]
    }
  ],
  "changes_made_to": 1,
  "changes_made_to_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/changes.json",
  "changes_made_by": 14,
  "changes_made_by_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/1937",
    "retrieved_at": "2026-10-29T11:23:44.835800+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."
}