# The Local Authorities (Capital Finance) Regulations 1997, Regulation 127: Amounts set aside—transferred debt of designated councils

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 63(1) of any amount which, for the purposes of regulation 131, the authority are required to determine under regulation 135 (transferred debt of designated councils).

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/127 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-127
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.