{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-approved-investments-regulations-1990/note",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-approved-investments-regulations-1990/note.json",
  "legislation": "uksi/1990/426",
  "legislation_title": "The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-approved-investments-regulations-1990",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations contain a list of investments which are approved by the Secretary of State for the purposes of Part IV of the Local Government and Housing Act 1989, which establishes a new capital finance system for local authorities from 1st April 1990.\nApproved investments are treated differently from investments which are not approved in that, unlike the latter, —\n(a) expenditure on making approved investments is not expenditure for capital purposes and does not have to be charged to a revenue account;\n(b) any sum received on the disposal of an approved investment is not treated as a capital receipt; and\n(c) an authority’s aggregate credit limit (which is a limit on the total amount of their borrowing and outstanding liabilities under credit arrangements) is increased by the amount of their approved investments.\nThe Regulations apply to England and Wales and come into force on 1st April 1990.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/426/note",
    "retrieved_at": "2026-10-29T15:26:10.885572+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."
}