# The Local Authorities (Capital Finance) Regulations 1997, Regulation 154: Interpretation

Extent: E+W
Status: prospective

(1) In this Part—
“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;
“Health Authority” means an authority established by order under section 8 of the National Health Authorities Act 1977 (Health Authorities);
“relevant date” shall be construed in accordance with section 64(4);
“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
“Special Health Authority” means a body established by order under section 11 of the National Health Authorities Act 1977 (Special Health Authorities).
(2) For the purposes of this Part, a local authority are a relevant authority if—
(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
(b) they have no money outstanding by way of borrowing other than disregarded borrowing within the meaning given to that expression in regulation 65.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/154 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-154
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.