{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1990/schedule-4/part-II",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1990/schedule-4/part-II.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": "schedule/4/part/II",
  "kind": "part",
  "number": "II",
  "heading": "ADJUSTED CREDIT CEILING",
  "text": "The modifications to be made in determining at any time on or after 1st April 1990 a local authority’s adjusted credit ceiling are that the determination shall be on the basis of their adjusted initial credit ceiling and that no account shall be taken of–\n(a) the reserved part of a capital receipt which is set aside under section 59(1) where the sum in question is a capital receipt in accordance with regulation 12;\n(b) any amount set aside by virtue of regulations 25(1)(c) or 26(1)(d); and\n(c) the reserved part of a capital receipt which is set aside under section 59(1) where the receipt is derived from the repayment of such an advance as is referred to in sub-paragraph (d) of Part I of this Schedule.",
  "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"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/432/schedule/4/part/II",
    "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."
}