{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-148",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-148.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/148",
  "kind": "regulation",
  "number": "148",
  "heading": "Determining the non-housing reduction",
  "text": "(1) In order to determine their non-housing reduction for the last year, the authority shall determine—\n(a) the total amount (“amount A”) by which their adjusted credit ceiling was reduced during the last year under paragraphs 12(1) and 14(1) of Schedule 3 to the Act;\n(b) the total amount (“amount B”) by which their adjusted credit ceiling was reduced during that year by the setting aside of any amounts determined under regulations 134 and 136; and\n(c) the amount (“amount C”) by which amount A exceeds amount B.\n(2) For the purposes of regulation 147, the authority’s non-housing reduction in the last year is the amount, if any, by which amount C exceeds the housing reduction determined in accordance with regulation 144.",
  "extent": "E+W",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 148 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": "am (E)",
      "affecting": "uksi/2001/723",
      "affecting_title": "The Local Authorities (Capital Finance, Approved Investments and Contracts—Amendment) (England) Regulations 2001"
    },
    {
      "type": "amended",
      "affecting": "uksi/2000/1773",
      "affecting_title": "The Local Authorities (Capital Finance) (Amendment) (England) Regulations 2000"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/319/regulation/148",
    "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."
}