# The Local Authorities (Capital Finance) Regulations 1997, Regulation 126: Amounts set aside—transferred property and deemed borrowing

Extent: E+W
Status: prospective

In determining their adjusted credit ceiling at any time, a local authority shall disregard any reduction in their credit ceiling which results from the setting aside under section 59(1) of the reserved part of a capital receipt where the sum received is a capital receipt by virtue of regulation 56, 57 or 58, and the reserved part is 100 per cent. by virtue of regulation 68.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/126 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-126
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.