{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-regulations-1991/regulation-3",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-regulations-1991/regulation-3.json",
  "legislation": "uksi/1991/500",
  "legislation_title": "The Local Authorities (Capital Finance) (Amendment) Regulations 1991",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-regulations-1991",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Amendments",
  "text": "In Part II of Schedule 4 to the Local Authorities (Capital Finance) Regulations 1990—\n(a) at the beginning there shall be inserted “1.”;\n(b) after the words “1st April 1990” there shall be inserted “and before 31st March 1991”; and\n(c) at the end there shall be added—\n“2 The modifications to be made in determining at any time on or after 31 st March 1991 a local authority’s adjusted credit ceiling are that—\n(a) the determination shall be on the basis of their adjusted initial credit ceiling;\n(b) no account shall be taken of—\n(i) the reserved part of a capital receipt which is set aside under section 59(1) where the sum in question is a capital receipt in accordance with regulation 12 and the reserved part is 100 per cent by virtue of paragraph 5 of Part I of Schedule 1 to these Regulations;\n(ii) any amount set aside by virtue of regulation 25(1)(c) or 26(1)(d); and\n(iii) the reserved part of a capital receipt which is set aside under section 59(1) where the receipt is derived from the repayment of such an advance as is referred to in sub-paragraph (d) of Part I of this Schedule; and\n(c) the adjusted credit ceiling shall be reduced by an amount equal to the total of any outstanding amounts in respect of which annual or other periodic payments, calculated by reference to those amounts, fell to be made to the authority by any body by virtue of—\n(i) an order made under section 51(2), 58(2) or 67(4) of, or paragraph 7 or 9 of Schedule 10 to, the Local Government Act 1972, regulations made under section 67(1) or (2) of that Act, or an agreement made under section 68 of that Act, in relation to any matter which has been transferred by virtue of the order, regulations or agreement, as the case may be, from the authority to the body on or after 1st April 1990; or\n(ii) an order made under section 23(3) or 84 of the London Government Act 1963 in relation to any matter which has been transferred by virtue of the order from the authority to the body on or after 1st April 1990;\nand, for the purposes of this sub-paragraph, “outstanding amounts” means amounts which were outstanding at the time of the transfers referred to in paragraphs (i) and (ii) above by way of principal of money borrowed.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Local Government Act 1972 (c. 70); subsections (6) and (7) of section 68 were repealed by Schedule 12 to the Local Government and Housing Act 1989. London Government Act 1963 (c. 33); paragraph (a) and part of paragraph (b) of section 23(3) were repealed with savings by, Schedule 17 to the Local Government Act 1985."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1991/500/regulation/3",
    "retrieved_at": "2026-10-29T14:49:32.800894+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."
}