# The Local Authorities (Capital Finance) Regulations 1997, Regulation 118: Credit ceiling increased by use of amount set aside to pay levy on disposals of housing

Extent: E+W
Status: prospective

Where a local authority apply an amount set aside to meet any liability in respect of any levy payable under section 136 of the Leasehold Reform, Housing and Urban Development Act 1993 (levy on disposals of dwelling-houses), the authority’s credit ceiling shall, at the same time, be increased by an amount equal to the amount so applied.

---
Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/118 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-118
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.