{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-154",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-154.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/154",
  "kind": "regulation",
  "number": "154",
  "heading": "Interpretation",
  "text": "(1) In this Part—\n“amount set aside” means any amount for the time being set aside by a local authority (whether voluntarily or pursuant to a requirement under Part IV of the Act) as provision to meet credit liabilities;\n“Health Authority” means an authority established by order under section 8 of the National Health Authorities Act 1977 (Health Authorities);\n“relevant date” shall be construed in accordance with section 64(4);\n“relevant expenditure”, in relation to the transfer of an amount set aside, means the expenditure which is to be met by the amount transferred; and\n“Special Health Authority” means a body established by order under section 11 of the National Health Authorities Act 1977 (Special Health Authorities).\n(2) For the purposes of this Part, a local authority are a relevant authority if—\n(a) on the relevant date for any financial year, their credit ceiling, as determined under Part III of Schedule 3 to the Act, is a negative amount; and\n(b) they have no money outstanding by way of borrowing other than disregarded borrowing within the meaning given to that expression in regulation 65.",
  "extent": "E+W",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 154 in force at 1.4.1997, see reg. 1(1)(b)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "1977 c. 49 Section 8 was substituted by section 1(1) of the Health Authorities Act 1995 (c. 17). Health Authorities were established in England by the Health Authorities (England) Establihment Order 1996 (S.I. 1996/624), and in Wales by the Health Authorities (Wales) Establisment Order 1996 (S.I. 1996/146)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 11 was amended by section 2(1) of, and paragraphs 1 and 2 of Part I of Schedule 1 to, the Health Authorities Act 1995."
    }
  ],
  "outstanding_effects": [
    {
      "type": "coming into force",
      "affecting": "uksi/1997/319",
      "affecting_title": "The Local Authorities (Capital Finance) Regulations 1997"
    },
    {
      "type": "words inserted",
      "affecting": "uksi/2002/2469",
      "affecting_title": "The National Health Service Reform and Health Care Professions Act 2002 (Supplementary, Consequential etc. Provisions) Regulations 2002"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/319/regulation/154",
    "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."
}