# The Local Authorities (Capital Finance) Regulations 1997, Regulation 152: Relevant amount for subsequent financial years

Extent: E+W
Status: prospective

Where the current year is the financial year beginning on 1st April 1998 or any subsequent financial year, the authority’s relevant amount for the current year shall be an amount equal to their adjusted credit ceiling on the last day of the last year minus the amount, if any, determined by the authority under regulation 153.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/152 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-152
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.