{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-132",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-132.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/132",
  "kind": "regulation",
  "number": "132",
  "heading": "Percentage of the housing amount and non-housing amount",
  "text": "(1) If the authority are required (under Part VI of the Act) to keep a Housing Revenue Account for the current year, they shall determine the amount which is equal to the sum of two per cent. of their housing amount and four per cent. of their non-housing amount.\n(2) In this Part, in relation to any such authority, except for the financial year beginning on 1st April 1997—\n(a) the housing amount is an amount determined in accordance with provisions of this Part referring to the authority’s housing component on the last day of the last year;\n(b) the housing component on the last day of the last year is an amount determined in accordance with provisions of this Part referring to components of the authority’s adjusted credit ceiling which are attributable to the exercise of housing functions;\n(c) the non-housing amount is an amount determined in accordance with provisions of this Part referring to the authority’s non-housing component on the last day of the last year; and\n(d) the non-housing component on the last day of the last year is an amount determined in accordance with provisions of this Part referring to components of the authority’s adjusted credit ceiling which are attributable to the exercise of functions other than housing functions.",
  "extent": "E+W",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 132 in force at 1.4.1997, see reg. 1(1)(b)"
    }
  ],
  "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/132",
    "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."
}