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The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No.2) Regulations 2013

S.I. 2013/1751 · Made 12 July 2013

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Local Government, England

Made 12th July 2013

Laid before Parliament 18th July 2013

Coming into force 13th August 2013

The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 11 and 123 of the Local Government Act 2003f1:

Annotations to the whole text

Footnotes

f1

2003 c. 26.

Contents

  1. 1Citation, commencement and application
  2. 2Amendment of the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003
  3. 3Definition of sub-liability
  4. 4Schedule – Calculation of the sub-liability
  5. Signature
  6. Explanatory note

1Citation, commencement and application

(1)

These regulations may be cited as the Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No.2) Regulations 2013.

(2)

These Regulations come into force on 13th August 2013 and apply only in relation to local authorities in England.

2Amendment of the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003

The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003f1 are amended as follows.

3Definition of sub-liability

In regulation 1(5), in the definition of “sub-liability”, for “paragraph 9” substitute “paragraph 13”.

4Schedule – Calculation of the sub-liability

In the Schedule, for the definition of F substitute—

  • “F has the meaning set out in paragraph 11, except for the quarters during the period 1 April 2012 to 31 March 2013 where the value of F shall be the amount calculated as F on the due date for each of those quarters.”.

Signature

Signed by authority of the Secretary of State for Communities and Local Government

Mark Prisk

Minister of State

Department for Communities and Local Government

12th July 2013

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the definition of “sub-liability” in regulation 1(5) of the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 so that it refers to paragraph 13 of the Schedule to those Regulations and amends the definition of the value of “F” in the Schedule.