{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-136",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-136.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/136",
  "kind": "regulation",
  "number": "136",
  "heading": "Use of certain credit approvals",
  "text": "(1) In this regulation—\n“credit approval” means any supplementary credit approval issued to the authority in respect of expenditure which is treated as expenditure for capital purposes by virtue only of directions under section 40(6); and\n“relevant amount” means an amount equal to the extent to which a credit approval has, during any financial year before the current year, been used as mentioned in section 56(3).\n(2) The authority shall determine the total amount which would fall to be repaid by them in the current year in respect of the credit approvals issued to them, if, in relation to each such approval, they had been required to repay each relevant amount by equal annual instalments before the end of the amortisation period specified in the approval.",
  "extent": "E+W",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 136 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"
    },
    {
      "type": "appl (E) (1.4.2004)",
      "affecting": "uksi/2003/3146",
      "affecting_title": "The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1998/371",
      "affecting_title": "The Local Authorities (Capital Finance) (Amendment) Regulations 1998"
    },
    {
      "type": "am (E)",
      "affecting": "uksi/2002/2299",
      "affecting_title": "The Local Authorities (Capital Finance) (Amendment) (England) Regulations 2002"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/319/regulation/136",
    "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."
}