{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-regulations-2012/regulation-5",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-regulations-2012/regulation-5.json",
  "legislation": "uksi/2012/265",
  "legislation_title": "The Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-regulations-2012",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Bonds",
  "text": "(1) In regulation 7 (repayment of loan etc to a local authority)—\n(a) in paragraph (2), for “paragraph (3)” substitute “paragraphs (3) and (4)”; and\n(b) after paragraph (3), insert—\n“(4) A sum paid to a local authority to redeem a bond on its maturity or for the purchase of a bond does not constitute repayment of a loan or other financial assistance.”.\n(2) For regulation 7A (loan capital), substitute—\n“Bonds\n7A. (1) Subject to paragraph (2), for the purposes of Chapter 1 of Part 1, a sum received by a local authority in respect of—\n(a) the redemption on maturity of a bond, or\n(b) the disposal of a bond,\nmust be treated as a capital receipt.\n(2) Paragraph (1) applies only if—\n(a) the acquisition of the bond was prior to 1st April 2012, and\n(b) expenditure on the acquisition was treated as capital expenditure.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Regulation 7A was inserted by S.I. 2008/414."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/265/regulation/5",
    "retrieved_at": "2026-10-29T01:42:51.688983+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."
}