Regulation 130 InterpretationI1

England and Wales Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

regs 130–153 (Pt XII) defn(s) appl (W) (1.4.2004) by Local Authorities (Capital Finance and Accounting) 2003 reg 22(2)
reg. 130 coming into force by Local Authorities (Capital Finance) 1997 reg. 1(1)(b)
regs 130–153 (Pt XII) defn(s) appl (E) (1.4.2004) by Local Authorities (Capital Finance and Accounting) 2003 reg 28(4)
reg.130 (defn. of relevant credit approval) substituted by Local Authorities (Capital Finance) 1998 reg.6(1)
reg 130 defn(s) am (E) by Local Authorities (Capital Finance) 2002 reg 2(1), (2)

In this Part—

“the authority” means a local authority who are determining the amount of their minimum revenue provision;
“the current year” means any financial year for which a local authority are determining the amount of their minimum revenue provision;
“housing purposes” means purposes for which any expenditure incurred by a local authority and charged to a revenue account would be charged (as required under Part VI of the Act) to the authority’s Housing Revenue Account or Housing Repairs Account;
“the last year” means the financial year beginning one year before the beginning of the current year;
“relevant credit approval” means any supplementary credit approval other than one issued in respect of expenditure which is treated as expenditure for capital purposes by virtue only of directions under section 40(6) (capital purposes); and
“the year before the last year” means the financial year beginning two years before the beginning of the current year.

Annotations