{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-rate-of-discount-regulations-1990/note",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-rate-of-discount-regulations-1990/note.json",
  "legislation": "uksi/1990/316",
  "legislation_title": "The Local Authorities (Capital Finance) (Rate of Discount) Regulations 1990",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-rate-of-discount-regulations-1990",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nPart IV of the Local Government and Housing Act 1989 makes provision for the capital finance of local authorities. Section 49(2) sets out a formula for determining for the purposes of Part IV the value of the consideration falling to be given by a local authority under a credit arrangement in any financial year after the one in which the arrangement comes into being. The percentage rate of discount prescribed for a financial year is one of the factors referred to in the formula. These Regulations prescribe 11 per cent. for the financial year beginning 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/1990/316/note",
    "retrieved_at": "2026-10-29T15:27:24.099702+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."
}