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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Schedule to the Local Authority (Capital Finance and Accounting) (England) Regulations 2003 by amending—

  • regulation 14 to remove receipts subject to an agreement made under section 80B of the Local Government Act 1989 (c.42) as a type of receipt to which regulation 14 does not apply;

  • regulation 15 to provide that receipts subject to an agreement made under section 80B of the local Government Act 1989 are subject to regulation 15(1)(c);

  • regulation 23(f) to enable capital receipts to be used to pay the sub-liability and amounts payable under an agreement made pursuant to section 11 of the Local Government Act 2003 (c.26);

  • the calculation for the buy back allowance in paragraph 3 of the Schedule;

  • the meanings of “B”, “C” and “F” in paragraph 4 of the Schedule; and

  • the values of the local authority share cap for North West Leicestershire in the Table; and

by adding a value, F**, in paragraph 4 of the Schedule.