{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-regulations-1998/note",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-regulations-1998/note.json",
  "legislation": "uksi/1998/371",
  "legislation_title": "The Local Authorities (Capital Finance) (Amendment) Regulations 1998",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-regulations-1998",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Local Authorities (Capital Finance) Regulations 1997 (“the principal Regulations”).\nRegulation 3, which amends regulation 13 of the principal Regulations, and regulation 4, which substitutes a new regulation for regulation 16 of the principal Regulations, modify the meaning of private finance transaction. The effect of the modification is to broaden–\n(a) the scope of things that can be provided, made available or carried out under such a transaction; and\n(b) the description of terms that may be agreed for the payment of fees under such a transaction.\nRegulation 6, which amends regulations 130, 136 and 153 of the principal Regulations, modifies the minimum revenue provision which a local authority are required to make in respect of supplementary credit approvals issued for expenditure which is for capital purposes by virtue of a direction given by the Secretary of State. The amendments ensure that an authority are required to make minimum revenue provision in consequence of using such an approval where no amortisation period has been specified (the requirement for an amortisation period was removed by section 2 of the Local Government (Supplementary Credit Approvals) Act 1997 (c. 63)).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/371/note",
    "retrieved_at": "2026-10-29T11:37:16.655210+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."
}