# The Local Authorities (Capital Finance) Regulations 1990, Paragraph 2


The initial credit ceiling of a local authority shall be reduced by an amount equal to the aggregate of the amounts, if any, falling within paragraph 8(1)(a) of Schedule 3 to the Act which relate to–
(a) money which the authority are deemed to have borrowed by virtue of an order made under section 66(1) or 67(3) of the Local Government Act 1985;
(b) advances in respect of which sums fall to be paid by virtue of an order made under section 51(2), 58(2) or 67(4) of, or paragraph 7 or 9 of Schedule 10 to, the Local Government Act 1972, by virtue of regulations made under section 67(1) or (2) of that Act, or by virtue of an agreement made under section 68 of that Act, by the authority to any body in relation to any matter which has been transferred by virtue of the order, regulations or agreement, as the case may be, from that body to the authority;
(c) advances in respect of which sums fall to be paid by virtue of an order made under section 254(1) or (2)(a) or (d) of the Local Government Act 1972 by the authority to any body in relation to any matter which has been transferred by virtue of the Local Government Act 1972 or the order from that body to the authority; and
(d) advances in respect of which sums fall to be paid by virtue of an order made under section 23(3) or 84 of the London Government Act 1963 by the authority to any body in relation to any matter which has been transferred by virtue of the order from that body to the authority.

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Source: https://www.legislation.gov.uk/uksi/1990/432/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1990/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.