# The Local Authorities (Capital Finance) (Amendment) Regulations 1997, Regulation 3: Meaning of private finance transaction


In regulation 16, in paragraph (2)—
(a) in sub-paragraph (a)(i), omit the words “for use” and “(“the relevant purpose”)”;
(b) in sub-paragraph (a)(ii) and sub-paragraph (d)(ii), omit the words “for the relevant purpose”; and
(c) substitute the following for sub-paragraph (e)—
“(e) the first instalment of fees falls to be paid after the asset has started to be used;”.

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Source: https://www.legislation.gov.uk/uksi/1997/848/regulation/3 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-amendment-regulations-1997/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.