{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1990/regulation-2",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1990/regulation-2.json",
  "legislation": "uksi/1990/432",
  "legislation_title": "The Local Authorities (Capital Finance) Regulations 1990",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1990",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Expenditure to be expenditure for capital purposes",
  "text": "(1) Expenditure incurred by a local authority in the issue of a relevant loan instrument shall be expenditure for capital purposes.\n(2) In paragraph (1) above, a “relevant loan instrument” means a loan instrument issued in relation to any loan other than a loan in respect of which all payments or repayments by the authority are to be made not later than one year after the loan instrument is issued.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "added",
      "affecting": "uksi/1995/850",
      "affecting_title": "The Local Authorities (Capital Finance and Approved Investments) (Amendment) Regulations 1995"
    },
    {
      "type": "added",
      "affecting": "uksi/1991/500",
      "affecting_title": "The Local Authorities (Capital Finance) (Amendment) Regulations 1991"
    },
    {
      "type": "added",
      "affecting": "uksi/1993/520",
      "affecting_title": "The Local Authorities (Capital Finance) (Amendment) Regulations 1993"
    },
    {
      "type": "applied",
      "affecting": "uksi/1995/102",
      "affecting_title": "The Residuary Body for Wales (Miscellaneous Provisions) Order 1995"
    },
    {
      "type": "added",
      "affecting": "uksi/1995/2895",
      "affecting_title": "The Local Government Changes for England (Payments to Designated Authorities) (Minimum Revenue Provision) Regulations 1995"
    },
    {
      "type": "added",
      "affecting": "uksi/1992/1618",
      "affecting_title": "The Local Authorities (Capital Finance) (Amendment) (No. 2) Regulations 1992"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/432/regulation/2",
    "retrieved_at": "2026-10-29T15:26:08.152586+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."
}