{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-no-2-regulations-2012/regulation-4",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-no-2-regulations-2012/regulation-4.json",
  "legislation": "uksi/2012/711",
  "legislation_title": "The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No. 2) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-no-2-regulations-2012",
  "path": "regulation/4",
  "kind": "regulation",
  "number": "4",
  "heading": "Citation, commencement, application and interpretation (of the 2003 Regulations)",
  "text": "In regulation 1(5)—\n(a) omit the definitions of “available Social HomeBuy allowance” and “Social HomeBuy disposal”;\n(b) after the definition of “the National Association of Local Councils” insert—\n““notifiable allowance” means the amount notified by the local authority to the Secretary of State in compliance with regulation 3 of the Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No.2) Regulations 2012;\n“poolable amount” means the sum of the specified amounts calculated from capital receipts received by the local authority in the quarter and the sub-liability calculated for the quarter;”;\n(c) after the definition of “qualifying disposal” insert—\n““quarter” means one of the following periods—\n1st April to 30th June\n1st July to 30th September\n1st October to 31st December\n1st January to 31st March;”;\n(d) after the definition of “relevant disposal period” insert—\n““relevant quarter” means the quarter in respect of which payment under regulation 12 must be made on the next due date;”;\n(e) after the definition of “secure tenant” insert—\n““shared ownership lease” means a lease of a dwelling granted on payment of a premium calculated by reference to a percentage of the market value of the dwelling;”;\n(f) after the definition of “the Society of Local Council Clerks” insert—\n““specified amount” means the amount calculated in accordance with regulation 14;\n“sub-liability” means the amount calculated in accordance with in paragraph 9 of the Schedule; and\n“the 2011-2012 buy back reduction” means the amount calculated in compliance with regulation 3 of the Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No 2) Regulations 2012.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2012/711"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/711/regulation/4",
    "retrieved_at": "2026-10-29T01:37:58.201884+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."
}