# The Local Authorities (Capital Finance) Regulations 1990, Regulation 24: Adjusted initial credit ceiling and adjusted credit ceiling


(1) A local authority’s adjusted initial credit ceiling shall be their initial credit ceiling, determined in accordance with Part III of Schedule 3 to the Act, as modified for the purposes of Part IV of that Schedule in accordance with Part I of Schedule 4 to these Regulations.
(2) A local authority’s adjusted credit ceiling at any time shall be their credit ceiling at any such time, determined in accordance with Part III of Schedule 3 to the Act, as modified for the purposes of Part IV of that Schedule in accordance with Part II of Schedule 4 to these Regulations.

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Source: https://www.legislation.gov.uk/uksi/1990/432/regulation/24 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1990/regulation-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.