# The Local Authorities (Capital Finance) Regulations 1997, Regulation 8: Expenditure under private finance transactions

Extent: E+W
Status: prospective

(1) In this regulation, “private finance transaction” has the same meaning as in Part IV of these Regulations.
(2) Expenditure incurred by a local authority under a private finance transaction, in so far as it is not expenditure for capital purposes by virtue of section 40(2), shall be expenditure for capital purposes.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/8 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.