# The Local Authorities (Capital Finance) (Amendment) (Wales) Regulations 2000, Regulation 2: Amendment


For Regulations 40, 41 and 42 of the 1997 Regulations there is substituted—
“40 A credit arrangement which is a private finance transaction shall be excluded from section 49(2) and the initial cost and the cost at any time of the arrangement shall be nil.”.

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Source: https://www.legislation.gov.uk/wsi/2000/992/regulation/2 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-amendment-wales-regulations-2000/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.