# The Local Authorities (Capital Finance) Regulations 1997, Regulation 28: Leases under certain private finance transactions

Extent: E+W
Status: prospective

The initial cost of a lease of land shall be nil where the authority become the lessees under the provisions of a private finance transaction, and the initial cost of that transaction falls to be determined under regulation 40.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/28 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.