# The Local Authorities (Capital Finance) Regulations 1997, Regulation 26: Exclusion of leases from section 49(2)

Extent: E+W
Status: prospective

(1) Any credit arrangement which is a lease shall be excluded from section 49(2) (initial and subsequent cost of credit arrangements).
(2) In relation to a credit arrangement which is a lease, the initial cost and the cost of the arrangement at any time shall be calculated in accordance with regulations 27 to 39.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/26 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.