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The Local Authorities (Capital Finance) (Prescribed Bodies) Regulations 1990

S.I. 1990/404 · Made 2 March 1990

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

LOCAL GOVERNMENT, ENGLAND AND WALES

Made 2nd March 1990

Laid before Parliament 8th March 1990

Coming into force 1st April 1990

The Secretary of State for the Environment, in exercise of the powers conferred on him by section 39(3) and (4) of the Local Government and Housing Act 1989f1, and of all other powers enabling him in that behalf, hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

1989 c. 42.

Contents

  1. 1Regulation 1
  2. 2Regulation 2
  3. 3Regulation 3
  4. Signature
  5. Explanatory note

1

These Regulations may be cited as the Local Authorities (Capital Finance) (Prescribed Bodies) Regulations 1990 and shall come into force on 1st April 1990.

2

The following levying bodies, within the meaning of section 74 of the Local Government Finance Act 1988f1, are hereby prescribed for the purposes of section 39(1)(k) of the Local Government and Housing Act 1989—

(a)

the London Pensions Fund Authorityf2, and

(b)

the South Yorkshire Pensions Authorityf3.

3

Part IV of the Local Government and Housing Act 1989 shall have effect in relation to the bodies prescribed by regulation 2 subject to the modification that the word “may” shall be substituted for the word “shall” in section 53(1).

Signature

Chris Patten

Secretary of State for the Environment

2nd March 1990

Explanatory note

(This note is not part of the Regulations)

These Regulations prescribe the London Pensions Fund Authority and the South Yorkshire Pensions Authority as bodies to which the new capital finance system for local authorities under Part IV of the Local Government and Housing Act 1989 is to apply, subject to the modification specified in regulation 3.