# The Local Authorities (Capital Finance) Regulations 1990, Regulation 21: Modifications of initial credit ceiling and credit ceiling on or after 1st April 1990


(1) The modifications of a local authority’s initial credit ceiling mentioned in Part I of Schedule 3 to these Regulations are prescribed for the purposes of paragraph 8 of Schedule 3 to the Act.
(2) A local authority’s credit ceiling shall be determined at any time on or after 1st April 1990 in accordance with paragraphs 11 to 14 of Schedule 3 to the Act subject to the modification which is mentioned in Part II of Schedule 3 to these Regulations and which is prescribed for the purposes of paragraph 10 of Schedule 3 to the Act.

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Source: https://www.legislation.gov.uk/uksi/1990/432/regulation/21 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1990/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.