# The Local Authorities (Capital Finance) Regulations 1997, Regulation 2: Issue of loan instruments

Extent: E+W
Status: prospective

Expenditure of a local authority which is incidental to the issue of a loan instrument shall be expenditure for capital purposes unless all of the payments or repayments required to be made by the authority in respect of the loan instrument are required to be made not later than one year after the loan instrument is issued.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/2 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.