{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-128",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-128.json",
  "legislation": "uksi/1997/319",
  "legislation_title": "The Local Authorities (Capital Finance) Regulations 1997",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997",
  "path": "regulation/128",
  "kind": "regulation",
  "number": "128",
  "heading": "Amounts set aside—advances to housing associations",
  "text": "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 sum received which is a capital receipt by virtue of section 58(1) (c) or (d), and is paid in respect of an advance made by the authority on or before 30th September 1989—\n(a) to a housing association (within the meaning given to that expression in section 1 of the Housing Associations Act 1985); and\n(b) for the purposes of expenditure in respect of which the association in question received a grant under section 50 of the Housing Act 1988, section 41(1) of the Housing Associations Act 1985 or section 29(1) of the Housing Act 1974.",
  "extent": "E+W",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 128 in force at 1.4.1997, see reg. 1(1)(b)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "1985 c. 69."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1988 c. 50."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Section 41 was repealed by section 140(2) of, Schedule 18 to, the Housing Act 1988."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "1974 c. 44 Section 29 was repealed by section 3 of, and Schedule 1 to, the Housing (Consequential Provisions) Act 1985 (c. 71)."
    }
  ],
  "outstanding_effects": [
    {
      "type": "coming into force",
      "affecting": "uksi/1997/319",
      "affecting_title": "The Local Authorities (Capital Finance) Regulations 1997"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/319/regulation/128",
    "retrieved_at": "2026-10-29T12:25:41.411541+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."
}