{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-amendment-england-regulations-2006/regulation-15",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-amendment-england-regulations-2006/regulation-15.json",
  "legislation": "uksi/2006/521",
  "legislation_title": "The Local Authorities (Capital Finance and Accounting) (Amendment) (England) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-amendment-england-regulations-2006",
  "path": "regulation/15",
  "kind": "regulation",
  "number": "15",
  "heading": "Calculation of minimum revenue provision",
  "text": "In regulation 28 of the Principal Regulations (calculation of minimum revenue provision)—\n(a) in paragraph (1), for the definition of HC, there shall be substituted—\n“HC is to be calculated in accordance with the formula HD - HE.”; and\n(b) after paragraph (1A), there shall be inserted—\n“(1B) For the purposes of the definition of HC in paragraph (1)—\n(a) HD is—\n(i) in the case of a housing authority, the opening HRA capital financing requirement for the current financial year; and\n(ii) in the case of any other local authority, nil; and\n(b) HE is—\n(i) in the case of a housing authority whose opening HRA capital financing requirement for the financial year beginning on 1st April 2004 was a negative amount, that amount; and\n(ii) in the case of any other local authority, nil.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Paragraph (1A) was inserted by S.I. 2004/3055."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/521/regulation/15",
    "retrieved_at": "2026-10-29T04:36:44.952181+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."
}