# The Local Authorities (Capital Finance) (Amendment No. 3) Regulations 1998, Regulation 3: Expenditure to be expenditure for capital purposes


Insert the following regulation after regulation 8—
“Expenditure by participant authorities on voluntary payments to designated authorities
8A Expenditure by a local authority on making a payment as a participant authority under regulation 8(1) of the Local Government Changes for England (Payments to Designated Authorities) (Minimum Revenue Provision) Regulations 1995 shall be expenditure for capital purposes.”.

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