# The Local Authorities (Capital Finance) Regulations 1997, Regulation 67: Grants and advances to housing associations

Extent: E+W
Status: prospective

(1) In the case of a payment which is a capital receipt by virtue of section 58(1)(c) or (d), the reserved part shall be 100 per cent. if the payment is made in respect of a grant, an advance or other financial assistance which—
(a) was made or given by the authority to a housing association (within the meaning given to that expression in section 1 of the Housing Associations Act 1985); and
(b) was to be applied towards expenditure for which the housing association received a grant under section 18 of the Housing Act 1996, section 50 of the Housing Act 1988, section 41(1) of the Housing Associations Act 1985 or section 29(1) of the Housing Act 1974 .
(2) In the case of a capital receipt which is received in respect of—
(a) the disposal of an interest in land acquired by the authority under a mortgage made as security for an advance, or
(b) the assignment of a debt owed to the authority in connection with an advance,
the reserved part shall be 100 per cent. if the reserved part of a repayment of the principal of the advance would fall to be determined under paragraph (1).

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/67 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-67
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.