{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-34",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-34.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/34",
  "kind": "regulation",
  "number": "34",
  "heading": "National Park authority leases",
  "text": "(1) In this regulation—\n“National Park authority” has the same meaning as in article 2 of the National Park Authorities (England) Order 1996;\n“relevant agreement or award” means an agreement under section 76 of the Environment Act 1995 (agreements as to incidental matters) or an award under subsection (3) of that section; and\n“relevant council”, in relation to a National Park authority, means the council which, pursuant to paragraph 8 of Schedule 17 to the Local Government Act 1972, appointed the National Park Committee for the Park for which the authority is established.\n(2) The initial cost of a lease of land shall be nil where—\n(a) the authority are a National Park authority;\n(b) the relevant council occupied the land on 31st March 1997, and the authority become the lessees within a period of 12 months beginning on 1st April 1997 other than by virtue of a relevant agreement or award;\n(c) immediately before the date on which the authority become the lessees, another local authority have a freehold or leasehold interest in the land;\n(d) the term of the lease does not exceed ten years;\n(e) the lease does not confer on the lessee an option to purchase the lessor’s interest in the land; and\n(f) where the term of the lease exceeds three years, the capital cost of the new lease does not exceed 70 per cent of the relevant value.\n(3) The initial cost of a lease (“the new lease”) of land shall be nil where—\n(a) the authority are the relevant council in relation to a National Park authority, and become the lessees of the National Park authority within a period of 12 months beginning on 1st April 1997;\n(b) on 31st March 1997 the authority had a freehold or earlier leasehold interest in the land which has vested in the National Park authority by virtue of article 15 of the National Park Authorities (England) Order 1996 or a relevant agreement or award;\n(c) the term of the new lease does not exceed ten years;\n(d) the new lease does not confer on the lessee an option to purchase the lessor’s interest in the land; and\n(e) where the term of the new lease exceeds three years, the capital cost of the new lease does not exceed 70 per cent. of the relevant value.",
  "extent": "E+W",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 34 in force at 1.4.1997, see reg. 1(1)(b)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1996/1243. There are amendments which are not relevant to these Regulations."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1995 c. 25."
    }
  ],
  "outstanding_effects": [
    {
      "type": "coming into force",
      "affecting": "uksi/1997/319",
      "affecting_title": "The Local Authorities (Capital Finance) Regulations 1997"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/319/regulation/34",
    "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."
}