# The Local Authorities (Capital Finance) (Amendment No. 3) Regulations 1998, Regulation 11: Commutation adjustments to minimum revenue provision


Add the following paragraph at the end of regulation 138—
“(3) In relation to a local authority which is a designated authority for the purposes of the Local Government Changes for England (Payments to Designated Authorities) (Minimum Revenue Provision) Regulations 1995, A in the formula in paragraph (1) shall be reduced by the amount, if any, by which the component in respect of principal calculated for the financial year concerned in accordance with paragraph 2 of the Schedule to those Regulations is reduced by virtue of paragraph 3 of that Schedule.”.

---
Source: https://www.legislation.gov.uk/uksi/1998/1937/regulation/11 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.