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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 Local Authorities (Capital Finance) (Approved Investments) Regulations 1990 which contain a list of investments approved by the Secretary of State for the purposes of Part IV of the Local Government and Housing Act 1989 (revenue accounts and capital finance of local authorities).

The amendment adds district councils in Northern Ireland to the list of persons or bodies in Part II of the Schedule to the 1990 Regulations with the effect that any advance made to, or a loan instrument issued by or to, any such council is an approved investment for the purposes of Part IV.