# The Local Authorities (Capital Finance) Regulations 1997, Regulation 148: Determining the non-housing reduction

Extent: E+W
Status: prospective

(1) In order to determine their non-housing reduction for the last year, the authority shall determine—
(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;
(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
(c) the amount (“amount C”) by which amount A exceeds amount B.
(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.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/148 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-148
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.