{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1990/schedule-5/paragraph-2",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1990/schedule-5/paragraph-2.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/5/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "For the purposes of paragraph 1 above–\n(a) any reference to a local authority’s total housing advances is a reference to the total of so much of any advances taken into account in determining the authority’s adjusted initial credit ceiling as has not been repaid before 1st April 1990 where such advances were made for the purpose of meeting expenditure which, if it had been charged on 1st April 1990 to a revenue account, would have been required, under Part VI of the Act, to be charged to their Housing Revenue Account or Housing Repairs Account, other than any advances falling within regulation 25(1)(b);\n(b) any reference to a local authority’s total housing receipts is a reference to the total of the receipts which the authority are required, in accordance with paragraph 9(1)(a) of Schedule 3 to the Act, to bring into account to determine their adjusted initial credit ceiling where such receipts were received in respect of the disposal of houses, dwellings or other property of the authority which, if they had been acquired on 1st April 1990, would have been houses, dwellings or other property to which section 74(1) applied on that date;\n(c) any reference to a local authority’s total non-housing advances is a reference to the total of so much of any advances taken into account in determining the authority’s adjusted initial credit ceiling as has not been repaid before 1st April 1990 other than any advances falling within regulation 25(1)(b) or sub-paragraph (a) above; and\n(d) any reference to a local authority’s total non-housing receipts is a reference to the total of the receipts which the authority are required to bring into account to determine their adjusted initial credit ceiling other than any receipts falling within sub-paragraph (b) above.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/1995/1982",
      "affecting_title": "The Local Authorities (Capital Finance and Approved Investments) (Amendment No. 2) Regulations 1995"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/432/schedule/5/paragraph/2",
    "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."
}