# The Local Authorities (Capital Finance) Regulations 1997, Regulation 128: Amounts set aside—advances to housing associations

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 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—
(a) to a housing association (within the meaning given to that expression in section 1 of the Housing Associations Act 1985); and
(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.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/128 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-128
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.