# The Local Authorities (Capital Finance) Regulations 1990, Regulation 4: Expenditure excluded from section 41(1)


Expenditure in respect of which a local authority have made a determination under section 42(2)(g) shall not be expenditure falling within section 42(2) where the expenditure is, or is to be, met out of a contribution made, or to be made, under section 516(1) of the Housing Act 1985 and the contribution is, or is to be, paid–
(a) in annual sums payable in respect of a period of ten years or more; or
(b) by way of commuted payments within the meaning of section 157.

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Source: https://www.legislation.gov.uk/uksi/1990/432/regulation/4 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1990/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.