{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003.json",
  "id": "wsi/2003/3239",
  "title": "The Local Authorities (Capital Finance and Accounting) (Wales) Regulations 2003",
  "short_title": "Local Authorities (Capital Finance and Accounting) 2003",
  "long_title": "Part 1 of the Local Government Act 2003 (“the 2003 Act”) allows the National Assembly for Wales to make provision for a new system of local government capital finance to replace the existing regime set out in Part IV of the Local Government and Housing Act 1989. These regulations are made under the provisions in Part I of the 2003 Act.",
  "citation": "W.S.I. 2003/3239",
  "type": "wsi",
  "year": "2003",
  "number": "3239",
  "version": "current",
  "date": "2003-12-09",
  "revised": true,
  "valid_from": "2026-03-27",
  "extent": "E+W",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003/introduction",
      "extent": "E+W",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Name, commencement, application and interpretation",
      "url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003/regulation-1",
      "extent": "E+W",
      "status": null,
      "parent": null
    },
    {
      "path": "part/1",
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      "number": "1",
      "heading": "BORROWING",
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      "extent": "E+W",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/2",
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      "heading": "Code of practice",
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      "extent": "E+W",
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "part/2",
      "kind": "part",
      "number": "2",
      "heading": "CREDIT ARRANGEMENTS",
      "url": null,
      "extent": "E+W",
      "status": null,
      "parent": null
    },
    {
      "path": "part/2/chapter/1",
      "kind": "chapter",
      "number": null,
      "heading": "TRANSACTIONS WHICH ARE CREDIT ARRANGEMENTS",
      "url": null,
      "extent": null,
      "status": null,
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    {
      "path": "regulation/2A",
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      "extent": null,
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    {
      "path": "part/2/chapter",
      "kind": "chapter",
      "number": null,
      "heading": "TRANSACTIONS WHICH ARE NOT CREDIT ARRANGEMENTS",
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      "status": null,
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      "path": "regulation/3",
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      "extent": "E+W",
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    {
      "path": "part/2/chapter/2",
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      "heading": "CALCULATION OF COST OF CREDIT ARRANGEMENTS AND OTHER CONTROLS",
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      "path": "regulation/5A",
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      "number": "3",
      "heading": "CAPITAL RECEIPTS",
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    {
      "path": "part/3/chapter/1",
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      "heading": "SUMS TO BE TREATED AS CAPITAL RECEIPTS",
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      "path": "regulation/6",
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      "path": "regulation/6A",
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      "path": "regulation/7",
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      "heading": "Disposal of mortgage portfolio",
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      "path": "regulation/8",
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      "heading": "Payment made to redeem landlord’s share",
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      "path": "regulation/8A",
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      "number": "8A",
      "heading": "Securitisation transaction receipts",
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      "extent": null,
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    {
      "path": "part/3/chapter/2",
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      "number": null,
      "heading": "SUMS NOT TO BE TREATED AS CAPITAL RECEIPTS",
      "url": null,
      "extent": "E+W",
      "status": null,
      "parent": "part/3"
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      "path": "regulation/9",
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      "number": "9",
      "heading": "Capital receipts not exceeding £10,000",
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    {
      "path": "regulation/9A",
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      "number": "9A",
      "heading": "Operating and finance leases",
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    {
      "path": "part/3/chapter/3",
      "kind": "chapter",
      "number": null,
      "heading": "POOLING OF RECEIPTS",
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      "path": "regulation/10",
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      "number": "10",
      "heading": "Pooling of receipts from disposals of housing land",
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    {
      "path": "regulation/11",
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  "changes_made_by_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2003/3239",
    "retrieved_at": "2026-10-29T00:09:44.187495+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."
}